Above and beyond... Beyond Meat stock rose 27% last week thanks to two plant-based patties of good news. First, McDonald's announced it's expanding its PLT sandwich (BLT, sub the bacon for plant-y Beyond) to a total of 52 Canadian locations. Then, alt-meat rival Impossible Foods dropped out of the competition for the holy grail McD's US partnership — Beyond's rival is focused on Impossible Pork over Impossible Big Macs.
Musk be love... Tesla's stock has jumped 35% over the past month, becoming the most valuable American car company ever. GM and Ford produced a combined 39x as many cars as Tesla did in 2019, but the electric carmaker is now more valuable than GM and Ford combined. Oh, and Tesla lost almost a billion dollars over the past year while GM and Ford made over $10B in profit. Investors care more about future profits, and they think Tesla's e-cars are the future.