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Comment by ideamotor | Hacker News Reader

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ideamotor·

In the last three months, VTI (total US cap weighted market) is +0.15%, TSLA is -48.02%.

Are you secretly deliberately making a bad argument?

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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.

In 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.

Proterra, 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.

You cherry picked stocks that went down and try to make that into argument.

That 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.

Tesla isn't a tech stock. They sell cars.

Correct. It’s a memestock. Also, I didn’t cherry pick anything, I compared tesla to the entire US market.

amzn 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.

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