Tesla’s value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

  • anewbeginning@lemmy.world
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    1 year ago

    They went to the stock chart, picked the latest peak, and wrote the article of doom. It’s down 20% a year ago, but up 20% for the last 6 months, and up 119% YTD.

    Not that Tesla doesn’t have its ills or seems to be stagnating, but picking points in a chart is a feeble argument.

    • SpeakinTelnet@sh.itjust.works
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      1 year ago

      That 119% is based on the lower peak you cherry picked, you just did exactly what you complained the article did.

      • Asifall@lemmy.world
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        1 year ago

        YTD is a pretty common way to look at stocks and isn’t really cherry picking