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Podcast: $66,250 to Buy Tesla's Model S Before the Cheap Version Is History, and Two Other Numbers You Need to Know


image Tibor Kárpáti

Numbers By Barron's is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Apple Podcast, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker

Three numbers to start your day:

-with the Dow and the S&P notching another win on Thursday.

But the S&P 500 seems to be hitting a wall at 2600, at least for now.

Perhaps the market needs new leading stocks. The so-called FANG stocks have driven the market up in the last decade, but troubles with some of those tech stocks is making investors uneasy.

-to rival the likes of the NYSE and the Nasdaq.

Reports this week of the new so-called Members Exchange put the hurt on stocks of major exchange operators. NYSE parent Intercontinental Exchange, Nasdaq, and Cboe Global Markets included.

The Members Exchange would be owned by a group that includes Charles Schwab , TD, E*Trade, Fidelity, Bank of America Merrill Lynch and others. The supposed benefits: lower costs and greater transparency.

And late Wednesday Elon Musk tweeted that the electric car maker would stop taking orders for them.

Customers have until Sunday night to order that version, the Tesla chief said. That includes the lower-end versions of its Model S sedan and the Model X SUV.

One way to protect profit margins is to stop selling the cheaper stuff. Put another way: Tesla's lineup is about to look more upscale.

Numbers by Barron's is a new daily podcast. Find out more here.

This episode was hosted by Crystal Kim.

Write to Crystal Kim at crystal.kim@barrons.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.




This article appears in: Investing , US Markets



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