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| Hello Daily Money readers! With just two (!!) more days left in the year here are some stories to get on your radar. |
| Tesla stock is on track to suffer from its worst month, quarter and year ever. It's hard to believe that shares of the same company skyrocketed by more than 1,100% from the beginning of 2020 to the end of 2021. |
| How come 2022 was so bad for the stock? |
| Dan Ives, an analyst at Wedbush, says Tesla CEO Elon Musk caused 70% of the stock's decline. That's because he sold $23 billion worth of Tesla stock to complete his purchase of Twitter. And once he become CEO of the social media company it pulled him away from Tesla. On top of that, he's become increasingly divisive on Twitter. |
| The other 30%, Ives said, can be attributed to the weakening economic environment that's had an especially hard impact on tech stocks this year. |
The silver lining of the Christmas travel mess |
| As you head to stores to return gifts or perhaps purchase belated holiday gifts if the winter storm prevented you from doing last-minute shopping, you're likely to find steep discounts. |
| You can thank the "bomb cyclone" or, shall we say, the nightmare before Christmas, for those discounts. |
| The Friday before Christmas was predicted to be the second busiest day behind Black Friday after Thanksgiving, according to Sensormatic, which provides retail insights and solutions to businesses. That's why you could be seeing some of the biggest post-Christmas sales. |
| Clothing and accessories are among the heftiest ones, and it's not just the leftover ugly Christmas sweaters and candy cane earrings that you'll find. Going into year-end, inventory at top clothing stores had spiked 30% more than last year and 26% from 2019, one retail analyst said. |
📰 More stories you shouldn't miss 📰 |
| What to do if you win the Mega Millions: Stay quiet, hire a financial team |
| Southwest woes: Thousands of bags lost and left in piles at airports: 'There's nothing we can do' |
| Asteroid Launcher: See what would happen if a mega asteroid hit your home, city or state |
About The Daily Money |
| Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. |
| Elisabeth Buchwald is a personal finance and markets correspondent for USA TODAY. You can follow her on Twitter @BuchElisabeth. |
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