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Some investors betting on overvalued Tesla rivals 'are going to get hurt,' a T. Rowe Price portfolio manager warns

16 days ago   |   By Business Insider

Summary List Placement Tesla's success and increasing government support for electric vehicles have created a wave of enthusiasm for young EV-makers. The result has been a rapid succession of EV startups going public through mergers with special-purpose acquisition companies - along with overinflated valuations, T. Rowe Price portfolio manager Joe Fath told Insider.
Fath said he believes that EVs will transform the auto industry, and that some EV companies will succeed in the long run. But, he said, the valuations most EV companies have received - some of them as high as $8 billion...
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CBS reportedly paid at least $7 million to air Meghan Markle and Prince...

CBS reportedly paid at least $7 million to air Meghan Markle and Prince Harry's bombshell interview with Oprah

Summary List Placement CBS' parent company ViacomCBS paid between $7 million and $9 million for the rights to air Meghan Markle and Prince Harry's bombshell interview with... Read more ...

Stephen Curry wins NBA 3-point shooting contest in dramatic fashion

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Cuomo said lawmakers will have to impeach him if they want him out of office...

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New York State legislative leaders say Cuomo ‘MUST RESIGN' after embattled...

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Summary List Placement New York Gov. Andrew Cuomo on Sunday said he would not resign due to the mountain allegations against him, saying during a phone call with reporters that... Read more ...

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Pope Francis prayed in ruined churches destroyed by the Islamic State during...

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Summary List Placement As part of a historic visit to Iraq, Pope Francis has led prayers amid the ruins of churches destroyed by the Islamic State. The Pope, who on Friday... Read more ...

A fourth woman has accused New York Governor Andrew Cuomo of inappropriate...

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Summary List Placement A fourth woman has accused New York Governor Andrew Cuomo of inappropriate behavior, the Wall Street Journal reported. Ana Liss is also the third former... Read more ...

Biden says Americans will start receiving their $1,400 stimulus checks 'this...

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Summary List Placement President Joe Biden announced Saturday that Americans will start receiving their stimulus checks this month, after Senate Democrats passed his $1.9... Read more ...

Trump sent cease-and-desist letters to stop the RNC, NRCC, and NRSC from...

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Summary List Placement Attorneys representing former President Donald Trump on Friday issued cease-and-desist letters to the Republican National Committee , National Republican... Read more ...