Tesla becomes world's most valuable carmaker without making a profit

Elon Musk’s company outstrips Toyota on stock market as demand for electric cars soarsTesla has overhauled Japanese rival Toyota to become the world’s most valuable automotive company.Despite never having made a profit, the billionaire Elon Musk’s electric car manufacturer has been tipped by some pundits to achieve a valuation of more than $1tn (£800bn) as demand for electric vehicles soars. Continue reading...