A $1.8 billion investment in Tesla Inc. isn’t chump change, even for one of China’s most valuable companies, Tencent Holdings. But what does it mean for the electric-car pioneer? If one takes the view that the market is generally right, then seeing the money-losing company’s value briefly past that of 113 year-old Ford Motor, the world’s fifth-largest auto maker, suggests it opens up vast new possibilities for Tesla. Cynics, on the...

Source: Wall Street Journal March 28, 2017 17:37 UTC