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1 big thing

Tesla's wild 2020 ride

1 big thing

Axios

News

4.02K Ratings

🗓️ 22 December 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

Tesla’s stock has gone up almost 700%. That’s huge considering the average stock market return is around 10% per year. This week, Tesla started trading as part of the famous S&P 500. It’s a basket of some of the biggest publicly traded companies in America. Think Apple, Walmart or Johnson and Johnson. And because many Americans invest in funds that track the S&P, a whole lot more people now own a piece of Tesla — for better or worse. Plus, the post-pandemic job market And, how to have tough conversations this holiday Guests: Axios' Aja Whitaker-Moore and Alison Snyder and Nick Bloom, economics professor at Stanford University. Credits: "Axios Today" is produced in partnership with Pushkin Industries. The team includes Niala Boodhoo, Erica Pandey, Carol Wu, Cara Shillenn, Nuria Marquez Martinez, Dan Bobkoff, Sara Kehaulani Goo, Alex Sugiura and Naomi Shavin. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. Go deeper: Tesla mania vs. economic reality A year of erased progress in the workplace How we talk to each other about the tough stuff Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Her cure Poirot, I've found something.

0:03.0

You're invited to solve a mystery.

0:06.0

Come with me to a seance.

0:08.0

From beyond the grave.

0:10.0

There must be a rational answer for all of this.

0:14.5

From the brilliant mind of Agatha Christie,

0:16.8

You are up against something bigger than you.

0:18.6

Critics are calling it Kenneth Branagh's best Poirot yet.

0:21.7

Somebody is dead.

0:23.4

No one shall leave this place until I know who didn't.

0:26.1

A haunting in Venice, available exclusively to buy and keep.

0:30.2

Good morning. Welcome to Axios today. It's Tuesday, December 22nd. I'm Erica Pandey, filling in for Nile

0:40.4

Aboodoo. Here's how we're making you smarter today, the post-pandemic job market. Plus how to have tough conversations this holiday. First though, Tesla's wild ride is today's one big thing.

0:54.4

Tesla's stock going up almost 700% was not on my 2020 bingo card.

1:04.7

That jump is huge, considering the average stock market return

1:08.4

is around 10% per year.

1:10.8

This week, Tesla started trading as part of the famous S&P 500.

1:15.0

It's a basket of some of the biggest publicly traded companies in America.

1:20.0

Think Apple, Walmart, or Johnson and Johnson.

1:23.0

And because many Americans invest in funds attract the S&P,

1:27.0

a whole lot more people now own a piece of Tesla,

1:30.5

for better or for worse.

...

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