4 ms·
Are you? AMZN is -48%, TSLA -50%, ZOOM -61%, META -65%, NVDA -40%, GOOG -37%. To pretend that TSLA is an outlier is a bad argument.
by memish 4y ago
Are you? AMZN is -48%, TSLA -50%, ZOOM -61%, META -65%, NVDA -40%, GOOG -37%.
To pretend that TSLA is an outlier is a bad argument.
- fredophile 4y agoIn the last 6 months Tesla is down over 25%. Ford and GM are up 15-20% over the same time period. They're a lot closer to Tesla than Meta or Zoom is.
- IncRnd 4y agoProterra, an EV maker is down 51% YTD. Lucid, an EV maker, is down 52% in the last 6M and 82% YTD. GM is down 41% YTD. Stocks are funny that way.
- ilyt 4y agoYou cherry picked stocks that went down and try to make that into argument.
- memish 4y agoThat is what people are doing with TSLA. Cherry picking one of many tech stocks that went down and trying to attribute to something other than macroeconomic factors. All tech stocks took a dive.
- Pxtl 4y agoamzn and zoom were the kings of the hill during COVID shutdowns, it only makes sense that there would be a fall after that rise. Nvidia has been ruined by supply chain shortages and the end of proof-of-work on Eth. Facebook has been on the rocks for years, and the Metaverse has been a complete debacle. The only one in that list imho that could be taken as a general "state of tech stocks" is GOOG, because while GOOG's products are having rocky performance they always are.