The Editor 

Leaps of faith

Leaps of faith

It was only a few short weeks ago that I suggested it may be a bad idea to underestimate Elon Musk and the magic he may weave with Tesla. It proved a prescient warning: this week the electric car maker’s shares have shot into the stratosphere almost as quickly as one of Mr Musk’s rockets, doubling in a month to nearly $900 apiece. That values the company at $160bn, as much as Volkswagen, Ford and General Motors combined – groups which, as the Financial Times’ Lex column points out, between them sell more than 35 times more cars each year than Tesla.

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