Changing of the Guard

Props to Elon Musk and the people at Tesla. The company may rarely be profitable, and it is yet to sell enough electric vehicles to trigger the end of its federal tax incentive, but according to Wall Street, it's the most valuable car maker in the US. Last week, Tesla overtook first Ford and then General Motors as its share price edged above $300 a share.  At the time of writing, Tesla's stock price was $311.5, which means the company is worth $51.4 billion (£41.4 billion).
By contrast, General Motors—which sold roughly 20 times the number of vehicles during Q1 2017—is worth a mere $50.3 billion. Ford, which also delivered more than half a million vehicles in Q1, is worth just $45 billion. If that sounds bonkers, you haven't heard anything yet. Some analysts are predicting that Tesla could hit $500 a share.

It's still super early, but Wall Street is already claiming foul on this opinion from a few weeks ago.