Can Tesla justify a $300bn valuation?

Elon Musk’s company is the world’s most valuable carmaker, but it has never made a profitWhen Elon Musk tweeted in May that the share price of Tesla was “too high” at $780 (£622), it caused a brief moment of panicked selling by investors in the electric carmaker. Yet two months later Tesla had overtaken Toyota as the world’s most valuable carmaker in a remarkable rally in which its market value briefly topped $300bn this week.Tesla has never made an annual pro