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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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.

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[–] anewbeginning@lemmy.world 11 points 1 year ago (1 children)

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 2 points 1 year ago

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