Tesla stock is soaring. Madness or visionary investing?
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FILE - In this Jan. 19, 2020, file photo Elon Musk, Tesla CEO, speaks during a news conference at the Kennedy Space Center in Cape Canaveral, Fla. Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year. It is now worth five times what it was in June, when there were whispers of bankruptcy surrounding the company founded by the erratic visionary Musk. (AP Photo/John Raoux, File)FILE - In this Feb. 2, 2020, file photo, the company logo shines on the grille of an unsold 2020 Model X at a Tesla dealership in Littleton, Colo. Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year. (AP Photo/David Zalubowski, File)
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FILE - In this Jan. 19, 2020, file photo Elon Musk, Tesla CEO, speaks during a news conference at the Kennedy Space Center in Cape Canaveral, Fla. Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year. It is now worth five times what it was in June, when there were whispers of bankruptcy surrounding the company founded by the erratic visionary Musk. (AP Photo/John Raoux, File)
