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Tesla just announced days ago Q2 deliveries exceeded predictions, so this headline looks like a misleading statement that EV adoption over all is accelerating,

Tesla just announced days ago Q2 deliveries exceeded predictions, so this headline looks like a misleading statement that EV adoption over all is accelerating, and Tesla sales are expanding too.

jgalt212 2y ago
> EV adoption over all is accelerating The data I've seen is growth is still strongly positive, but not as much so in previous years. positive 1st deriv, negative 2nd deriv.
ahahahahah 2y ago
> Q2 deliveries exceeded predictions This is such a weird thing, I wouldn't get too hung up on it. The "predictions" here were basically a consensus of the most recent predictions. If you look back just one month, it's possible that the predictions had been twice as high but had since been revised down and it would still be reported as missing predictions. An interesting exercise is to look back at someone who was doing detailed analysis of Tesla's future trying to justify it's then current value and see how accurate it was. Like take a look at this predicting 2M in 2023 (which 2024 looks like it will still miss): https://www.reddit.com/r/teslainvestorsclub/comments/qsn7ve/tsla_bull_thesis_and_valuation_predicting_a_312x/ https://www.reddit.com/r/teslainvestorsclub/comments/qsn7ve/... If you tracked the predictions over time, even just the last quarter, at the beginning of the quarter the consensus was over 500k. Saying that they "beat expectations" is, while technically correct, going to be almost universally interpreted incorrectly. This sort of mismatch between the technical, naive reading of words and their actual meaning is a big contributor to retail investors generally making rather poor decisions.
rsynnott 2y ago
Their Q2 sales fell quarter-on-quarter vs Q2 2023; it's just that analysts had expected an even greater decline than the one which materialised (consensus was 439k, they sold 444k, a year ago they sold 466k).

Tesla just announced days ago Q2 deliveries exceeded predictions, so this headline looks like a misleading statement that EV adoption over all is accelerating, and Tesla sales are expanding too.

jgalt212 2y ago

> EV adoption over all is accelerating The data I've seen is growth is still strongly positive, but not as much so in previous years. positive 1st deriv, negative 2nd deriv.

ahahahahah 2y ago

> Q2 deliveries exceeded predictions This is such a weird thing, I wouldn't get too hung up on it. The "predictions" here were basically a consensus of the most recent predictions. If you look back just one month, it's possible that the predictions had been twice as high but had since been revised down and it would still be reported as missing predictions. An interesting exercise is to look back at someone who was doing detailed analysis of Tesla's future trying to justify it's then current value and see how accurate it was. Like take a look at this predicting 2M in 2023 (which 2024 looks like it will still miss): https://www.reddit.com/r/teslainvestorsclub/comments/qsn7ve/tsla_bull_thesis_and_valuation_predicting_a_312x/ https://www.reddit.com/r/teslainvestorsclub/comments/qsn7ve/... If you tracked the predictions over time, even just the last quarter, at the beginning of the quarter the consensus was over 500k. Saying that they "beat expectations" is, while technically correct, going to be almost universally interpreted incorrectly. This sort of mismatch between the technical, naive reading of words and their actual meaning is a big contributor to retail investors generally making rather poor decisions.

rsynnott 2y ago

Their Q2 sales fell quarter-on-quarter vs Q2 2023; it's just that analysts had expected an even greater decline than the one which materialised (consensus was 439k, they sold 444k, a year ago they sold 466k).