Podcast: Tesla's $920 Million Debt and Two Other Numbers You Need to Know
Numbers By Barron’s is a two-minute financial podcast with three vital numbers to start your morning. Available on iTunes, Stitcher, and wherever you get your podcasts-as well as on your Amazon Alexa smart speaker
Three numbers to start your day:
The electric-vehicle maker had a dramatic 2018, as it struggled to ramp up production of its Model 3 sedan.
C-E-O Elon Musk tweeted news of a buyout — one that never happened. Because of that he had to give up his chairman role and pay 20 million dollars in an S-E-C settlement.
Next year will bring more pressure, as debt comes due. And thanks to policy changes, people who buy electric vehicles will earn less in tax credits than they used to. That could hurt demand.
Nasdaq and Intercontinental Exchange are both planning to introduce futures contracts that track Bitcoin, if regulators approve the listings.
Two other exchanges listed Bitcoin futures back in 2017, when the cryptocurrency was worth more than 18,000 dollars.
But 2018 was a bad year for Bitcoin. The digital currency has plunged more than 80% to trade around 3,500 dollars.
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