Tesla investors are getting frustrated at Elon Musk's Twitter obsession, if the automaker's stock is any indication, Nathan writes.

• Unnerved investors have driven Tesla shares down about 41% since mid-September.

Why it matters: Tesla shares have long seemed impervious to Musk's external affairs, making him the richest person in the world and ultimately enabling his Twitter takeover.

State of play: Investors are fretting that Musk may need to sell off more Tesla stock to backstop Twitter as the social media service suffers a drop in advertising, CFRA Research analyst Garrett Nelson tells Axios.

• "He’s certainly scaring a lot of Tesla investors," Nelson says, though he says the concerns "may be overblown" due to Twitter's stockpile of cash.

Zoom out: Tesla has other problems on its hands, as well, including battery and chip shortages — plus mounting threats from automotive and tech competitors that could challenge its electric vehicle crown.

• Tesla's U.S. EV market share is estimated at 65% in 2022, but that's poised to fall below 20% by 2025, S&P Global Mobility projects.
• Nissan, which pioneered the cheap EV space with the Leaf passenger car, is among the automakers spelling out plans to gain ground.

Yes, but: Tesla's quiver isn't exactly empty.

• The company is holding a rare event Thursday to showcase the delivery of the first Tesla Semi — and Musk has promised that the long-awaited Cybertruck pickup will finally arrive in 2023.

The bottom line: Tesla investors are hoping that Musk soon diverts his attention away from Twitter.

• "I think the sooner that he names a CEO to take over Twitter, the better," Nelson says.

So, it's been a rough year in the stock market, Nathan writes.

• That often means a rough December, too.

By the numbers: The S&P 500 is down at least 10% through November for the fifth time this century, according to Bespoke Investment Group.

• It's averaged a 1.4% decline in December in those previous cases.

Yes, but: In 55.6% of those occasions, the index posted December gains.

The bottom line: As seen today, optimism could be growing. But this could go either way.

🚪DoorDash is cutting about 1,250 workers after expanding too fast. (Axios)

📺 CNN is laying off "a couple hundred" employees, part of Warner Bros. Discovery’s cost-cutting campaign. (Axios)

Meta CEO Mark Zuckerberg on Wednesday added to the growing chorus of concerns about Apple, arguing that it's "problematic that one company controls what happens on the device."

Why it matters: Zuckerberg has been one of the loudest critics of Apple in Silicon Valley for the past two years, Axios' Sara Fischer writes.

• His comments today come just days after Elon Musk publicly attacked the company, alleging its app store policies are an abuse of power.

Details: "I think the problem that you get into it with the platform control is that Apple obviously has their own interests," Zuckerberg said at the New York Times' DealBook conference.

• Those interests, he said, may conflict with what may be in the best interests of people, overall.
• "I do think Apple has sort of singled themselves out as the only company that is trying to control, unilaterally, what apps get on the device, and I don’t think that's a sustainable or a good place to be," he said.

Go deeper.

Everyone's listening to Bad Bunny.

Driving the news: Spotify today unveiled its Spotify Wrapped recap for 2022. Bad Bunny was the most-streamed artist globally for the third year in a row, Axios' Herb Scribner writes.

• Yesterday, Apple named his "Un Verano Sin Ti" the biggest album of the year for its streaming service.

Between the lines: Spotify listeners in the U.S. streamed Drake more than anybody else.

• If you say you didn't listen to Harry Styles' "As It Was" this year, you're probably lying. It was the most-streamed song in the world.
• And Taylor Swift was named the most viral artist. Ticketmaster knows all about that.

"It will take substantially more evidence to give comfort that inflation is actually declining."