Thasos Data on Tesla in WSJ
When Tesla Inc. Chief Executive Elon Musk said the car maker would work around the clock to boost production of its Model 3 sedan, the number crunchers at Thasos Group decided to watch.
They circled Tesla’s 370 acres in Fremont, Calif., on an online map, creating a digital corral to isolate smartphone location signals that emanated from within it. Thasos, which leases databases of trillions of geographic coordinates collected by smartphone apps, set its computers to find the pings created at Tesla’s factory, then shared the data with its hedge-fund clients, showing the overnight shift swelled 30% from June to October.
Last week, many on Wall Street were surprised when Tesla disclosed a rare quarterly profit, the result of Model 3 production that had nearly doubled in three months. Shares shot up 9.1% the next day.
Thasos is at the vanguard of companies trying to help traders get ahead of stock moves like that using so-called alternative data. Such suppliers might examine mine slag heaps from outer space, analyze credit-card spending data or sort through construction permits. Thasos’s specialty is spewing out of your smartphone.Posted November 2, 2018