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Podcast: Tesla Tumbles 13%, 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:

-one advisor estimates.

Fees eat into returns and can add up over years. That's why the late Mr. Bogle made the firm he founded, Vanguard Group, the place for cost-conscious investors.

Vanguard funds charge 0.1% in annual fees, on average. If you invest $10,000, you only pay $10 a year in fees. And paying less in fees means more money in your pocket.

Looks juicy, but that index of cheap stocks lagged behind the broader Russell 1000 index as well as the Russell 1000 Growth index.

In theory, cheap stocks should reward investors over the long-term, but that style of investing hasn't worked as well as other strategies lately. That could change.

Last year's market selloff widened the gap between the cheapest and most expensive stocks. That means cheap stocks are trading at deep discounts relative to their history-a good sign for investors hanging onto bargains.

-after chief Elon Musk announced the company would be cutting its workforce by 7%.

Musk wrote in a letter on Tesla's website that its cars were still too expensive for most people. Another hurdle: A U.S. tax credit on Tesla and other electric cars disappears this year.

Musk said layoffs, among other things, are needed to build a Model 3 that sells for $35,000 and have Tesla "still be a viable company."

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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