🚗 Tesla’s EV sale

…and winter comes storming in [Disclosures](   Just missing the bow on top (Spencer Platt/Getty Images)   Yesterday’s Market Moves   Dow Jones 33,027 (-1.05%) S&P 500 3,822 (-1.45%) Nasdaq 10,476 (-2.18%) Bitcoin $16,792 (-0.07%) Dow Jones 33,027 (-1.05%) S&P 500 3,822 (-1.45%) Nasdaq 10,476 (-2.18%) Bitcoin $16,792 (-0.07%) Hey Snackers, Actual showstopper: that [Netflix]( password 100M people have been borrowing is finally going the way of the DVD as the company fights slowing growth. Love is [not sharing]( a password? Stocks finished yesterday lower, with tech leading the sell-off. Meanwhile, the Dow, Nasdaq, and S&P 500 are on pace for their worst yearly performance since 2008. BTW: We’ll be back in your inbox on January 3 with a futuristic edition to ring in the new year. Till then, Snackers, happy holidays! Charge Tesla’s offering a rare year-end sale on its most popular models as EV affordability and demand dwindle Clear out the garage… [Tesla’s]( offering a rare year-end sale on its most popular cars as it looks to supercharge demand. Starting this week, the EV icon’s offering $7.5K off Model 3 and Model Y orders delivered in the US by the end of the month. FYI: those are Tesla’s least pricey cars, and they typically make up the majority of deliveries. The discount is double the $3,750 credit Tesla offered earlier this month (and includes 10K miles of free supercharging). Plus: - Charged up: The discount comes days after the Treasury Department delayed restrictions on EV incentives until March, so Teslas can qualify for the full $7.5K credits until then. - Sold out: Despite Tesla's history of rushing year-end deliveries to meet targets, discounts are rare for the carmaker (and may not be enough to drive sales). Tesla’s no good, very bad year… Shares of Tesla are down 60%+ this year and are on pace for their worst-ever annual performance. In October, Tesla said it would miss its delivery goals for the year as slowing growth and supply-chain disruptions hit drop-offs. Meanwhile, some customers have started to cancel or delay deliveries until the EV credits kick in next year. It’s not the only speed bump: - Investors say: CEO Elon Musk's controversial leadership over at [Twitter]( could be a risk to Tesla’s brand (and sales). - Elon says: Tesla demand is still hot, and experts say the stock's troubles are due to more people moving their $$ out of equities and into savings accounts. THE TAKEAWAY Lower prices can raise the stakes… Since more people have paid top dollar for new cars during the car shortage, most automakers haven't had to offer discounts. While promos could give Tesla a last-minute boost, it could also be a sign that demand isn’t quite as strong as expected. That’s bad timing with competition heating up. Some analysts say that by 2025 Tesla's share of the EV market could drop to under 20%. What else we're Snackin' - [Shop]( From mascara to Christmas trees, TikTokers are turning everyday products into viral hits — and companies can’t keep them in stock. This year, 30% of social-media users bought something because of an influencer. - [Pause]( Gamers are suing [Microsoft]( to stop its $69B [Activision]( takeover. The FTC also sued the tech giant this month over concerns that its popular consoles (like: Xbox) could funnel players and control prices. - [Freeze]( From [American]( to [Delta]( to [Spirit]( airlines are canceling thousands of flights as a huge winter storm rips across the US. The delays could be especially costly for airlines that’ve shelled out extra $$ to staff up for the holidays. 🍪 Thanks for Snacking with us! Want to share the Snacks? Invite your friends to sign up [here](. Snack Fact Of the Day Snow isn’t actually white — it’s translucent [Read more]( Friday - New-home sales ID: 2653297 Robinhood Snacks newsletters reflect the opinions of only the authors who are associated persons of Robinhood Financial LLC (Member [SIPC]( and do not reflect the views of Robinhood Markets, Inc. or any of its subsidiaries or affiliates. They are for informational purposes only, and are not a recommendation of an investment strategy or to buy or sell any security, digital asset (cryptocurrency, etc) in any account. They are also not research reports and are not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Robinhood Markets, Inc., Robinhood Financial LLC, or any of their subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results. [Robinhood Terms and Conditions]( • [Disclosure Library]( • [Our Editorial Principles]( • [Contact Us]( • [FAQ]( [Manage Your Subscription Preferences](