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According to Business Insider (This article and its images were originally posted on Business Insider November 26, 2018 at 06:54AM.)
Here is what you need to know.
- Cyber Monday 2018 is forecast to be the biggest online-shopping day in US history. Sales are expected to hit $7.8 billion, up 18% versus a year ago, according to Adobe Analytics.
- Amazon is gaining ground. Shares of the e-ecommerce behemoth are up 2.6% at $1,541 apiece ahead of Monday’s opening bell. They are down more than 26% from their September peak.
- Elon Musk says Tesla was near death during its Model 3 ‘production hell.’ Musk told Axios in an interview broadcast Sunday evening on HBO that Tesla was “bleeding money like crazy,” and that the hemorrhaging of cash got to the point where it was “single-digit weeks” from death.
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