Tesla's stock plunged by 9% on Tuesday, poised to end 2022 on a grim note after having shed over 70% of value this year.
Why it matters: Investors are expressing dissatisfaction with Elon Musk by punishing Tesla's shares, with the billionaire distracted by his tumultuous buyout of Twitter.
When reading the latest obituaries for blockchain and cryptocurrencies, it helps to remember they've been written before.
The big picture: There have been many crypto booms and busts. But in each bust, the bottom is a little higher than it was the time before. This is the slow build that believers count on to eventually bring crypto mainstream.
Thousands more flights were canceled on Monday as the effects of winter storms and operational challenges continued to impact holiday travel.
The big picture: The Department of Transportation tweeted that it would look into the actions of Southwest, which accounted for a large amount of the more than 3,900 flight cancelations and 8,200-plus delays within, into or out of the U.S. as of late Monday, per FlightAware data.
The day after Christmas looks a little different this year since the holiday fell on a Sunday.
The big picture: The holiday will be observed Monday by both private employers and government offices Monday but most retailers will be open with after-Christmas sales.
