Tesla Looked Like the Future. Now Some Ask if It Has One.

Supported by Business Day Tesla Looked Like the Future. Now Some Ask if It Has One. Photo A Tesla charging station near the company’s headquarters in Silicon Valley. Tesla’s pioneering role in electric cars is being overshadowed by questions about its finances. Credit Jason Henry for The New York Times Just a year ago, Tesla looked like a rising force destined to revolutionize the auto industry.
Its battery-powered Model S sedan was the rage among luxury-car buyers. Its Autopilot system seemed far ahead of its competitors in self-driving technology. Its chief executive, Elon Musk, was promising that the more affordable Model 3 would soon roll off its assembly line and bring emission-free driving to the masses.
Wall Street was enraptured. Tesla’s market value rose to surpass that of either General Motors or Ford, car companies with a century of experience.
What a rough ride it’s been since then.
Not only has the Model 3’s introduction been mired in glitches and delays — “manufactur..