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This is where Tesla stands as Elon Musk opens the Gigafactory

Tesla is a great industrial drama. Will Elon Musk’s vision of electric vehicles propel the hydrocarbon-based auto industry into a greener, sustainable future?

Or will the dream of changing the world by integrating solar power, battery storage and electric vehicles crash and burn under a mountain of debt and unrealistic promises?

Despite recurring predictions of failure, Tesla Motors Inc. TSLA, +0.93% has survived 13 years since it was founded by a handful of visionaries. Tesla has become an iconic brand whose popularity is reaching beyond the 1% who can pay $100,000-plus for a car.

After Tesla’s $35,000 Model 3 was announced in late March, 400,000 prospective buyers put down deposits within two weeks.

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