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Snacks / Monday, June 15, 2020
  • To infinity, and Elon'd(er)... Tesla investors felt rocketship vibes as the stock hit an all-time high — production of Elon's Semi truck is ramping up. Shares surged past $1K for the first time ever, making the e-car icon the world's 2nd most valuable carmaker (juuust shy of Toyota). For reference: Tesla sold 368K vehicles last fiscal year. Toyota sold 8.96M. Shares have now dropped 9% since last week's peak.

  • Cannabis side-hustle... Scotts Miracle Gro's sales surged as WFH'ers stocked up on its gardening and lawn care products. But Scotts' cannabis-growing side hustle was the real winner: the hydroponics-focused Hawthorne division helps producers grow weed with water (no soil needed). Hawthorne's sales nearly 2X'd in 2019, jumped 51% last quarter, and are expected to grow another 45%-50% for the full year 2020.

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