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RE: Tesla's Most Recent Numbers Show Why Financial Media Nor Wall Street Analysts Dont Matter

in LeoFinance11 months ago

Even though the car industry as a whole are encountering difficulties, I've seen some articles that like to highlight Tesla's problems. Some even compared their sales to BYD, how BYD's quarter was higher than last year's, while Tesla is lower. There are a lot of data available, so they can pick and choose what they want to support their agenda.

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Yep. If you remember, in the 4th quarter, the talking points where how BYD has passed Tesla as the largest EV manufacturer in world...based upon one quarter.

Now that is off the table and the year over year is what is used since it fits the narrative.

Tesla has a bad quarter, no doubt. But it was far from the only one. Plus, Tesla had the 4th highest month of production in China, negating an article claiming Tesla was slowing down its China output.