SolarCity investors hope Elon Musk can flash his magic wand
NEW YORK — Reuters Breakingviews
Elon Musk groupies’ SolarCity tan lacks a good base. Shares in the solar-panel leasing firm part-owned by the tech guru have almost quintupled since its stock-market debut in December, even allowing for a recent drop. But SolarCity probably won’t turn a profit till 2016 and is at best worth half its current $2.9-billion (U.S.) valuation.