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EVs and clean tech are bubbles that will deflate as economic recovery prompts rethinking of 'aspirational' sectors, says JPMorgan

5 days ago   |   By Business Insider

Elon Musk talks to journalists at the construction site of the Tesla Giga-Factory in Grünheide near Berlin, Germany, September 3, 2020.
Patrick Pleul/picture alliance via Getty Images
Bubbles in EV and clean-tech technology portions of the market began forming when the COVID-19 pandemic was growing in early 2020, says JPMorgan
Investors are reassessing a "reset" agenda as economic recovery takes hold and bidding up oil and travel stocks.
Tesla shares continued to selloff during Tuesday's session.
Visit the Business section of Insider for more stories .
Bubbles in electric-vehicle and...
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Elon Musk appeared to make another dig at rival Jeff Bezos over a report that Musk's attention is drifting away from Tesla

5 days ago   |   By Business Insider

Jeff Bezos, left, and Elon Musk.
REUTERS/Joshua Roberts
Elon Musk appeared to make another jab at one of his main rivals, Amazon CEO Jeff Bezos.
"Give my regards to your puppet master," Musk told The Washington Post.
The remark seemed to be in reference to Bezos' ownership of The Post, which Trump also criticized.
Visit the Business section of Insider for more stories .
It appears that the Elon Musk-Jeff Bezos feud it still raging on. The two tech moguls have been flip-flopping for title of the richest person in the world over the past several weeks, but they also have a yearslong feud...
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