The head of the U.S.’s largest car-dealership chain called Tesla Inc.’s market value “inexplicable,” a day after investors pushed the Silicon Valley auto maker ahead of General Motors Co.Tesla “is either one of the great Ponzi schemes of all time” or will eventually work out for investors, said AutoNation Inc. Chief Executive Mike Jackson during an interview at a New York automotive event held by J.D. Power and the National...

Source: Wall Street Journal April 11, 2017 19:52 UTC