Cutting a TP square in half... The most inexplicable product in the coronavirus panic-buying lineup: toilet paper. While US TP sales surged 60% from the same time last year, TP-makers aren't so thrilled. The production lines of Kimberly-Clark (Scott), Procter & Gamble (Charmin), and Georgia Pacific (Angel Soft) were already maxed out, rolling out TP 24/7. But don't be fooled — long-term demand for TP is unchanged by this crisis and hoarders prob won't be restocking for another 4 months — so TP companies might lose sales later on.
What goes up... Musk come down. Remember when Tesla shares rallied in ludicrous mode? The e-car maker's stock has plunged 53% from its mid-February peak, nearly twice as bad as the overall market's 30% drop. After an awkward tiff with CA authorities (Elon said he would "personally be at work" after the lockdown), Tesla will suspend production at its Bay Area factory starting March 24th. Still, Tesla's new China factory now has 91% of workers back — production has even reportedly exceeded pre-virus levels.