Ludicrous Mode 500... Today, Tesla is joining the famous S&P 500 index, which tracks the stocks of the 500 most valuable US public companies. People use it like a "scoreboard" for how the overall market is doing. Big BTW: over $11T is invested in mutual funds and ETFs that track the index. Fund managers have been buying up Tesla shares for their S&P-tracking funds — that's likely why Tesla stock soared 14% for the week to a record high.
Double high... Literally. Tilray and Aphria are combining to create Earth's largest pot company (by sales). The new company will keep Tilray's name (#MarriageFlex). Tilray shares jumped 14% for the week. The merger will help expand reach in Europe and the US, where more pot legalization is likely. Despite their soon-to-be "world's largest weed company" status, Aphria and Tilray make less than $700M in sales per year combined — less than Juul's sales in 2018. Cannabis is like freshman year Harry Potter: gets all the attention, but hasn't really done much yet.