Highs

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Monday, July 27, 2020 by Snacks

Pour one out for Sam Adams... There's a new koozie favorite at the Pats tailgate. Boston Beer shares spiked 26% after revealing that profits more than doubled from the same quarter last year. Sales soared 42% thanks to Twisted Tea and Truly Hard Seltzer, while OG Sam Adams dipped (no bars? No kegs). Based on its hard seltzer/tea/lemonade success (non-beers reportedly make up 3/4 of the company's sales these days), Boston Beer should rebrand to 'Boston Booze.'

Ludicrous Mode gains stamina... For the 1st time ever, Tesla has posted 4-straight profitable quarters in a row. Sales were slightly down this corona-conomy quarter, but Tesla managed to drive home a profit by selling $428M worth of environmental credits to non-EV carmakers. Also, the full-year profit means Tesla could now be invited into the prestigious S&P 500 club. Tesla has a tiny share of the global car market — but its stock has soared 230% this year, making it the most valuable carmaker on Earth.

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