Why Tesla is overvalued after 'incredible' short-term returns
Regulators will struggle to disrupt disruptive techs
Wesley Lebeau, portfolio manager at Amundi subsidiary CPR Asset Management,has dropped his position in Tesla, describing the automotive tech innovator as "overvalued".
Lebeau, who manages the CPR Invest Global Disruptive Opportunities fund, was initially impressed with the returns of his 1% position, which he bought in December. He said:"Tesla had incredible performance...
More on Equities
Brexit blog: May hits back at Chequers dismissal
Latest news and analysis
Square Mile: 42% of UK equity managers sensitive to outcome of Brexit
Survey responses
Italy's Budget: Will it determine the fate of the country's beleaguered government bonds?
Emerging market crises cause investor sentiment to fall to lowest level since 2016
Fell 5.1 percentage points
More news
Lansdown-backed Ravenscroft acquires RLAM CI
Purchased for undisclosed sum
Brexit blog: May hits back at Chequers dismissal
Latest news and analysis
SocGen's Edwards: A recession might only be six months away
Similar to June 2007
Italy's Budget: Will it determine the fate of the country's beleaguered government bonds?
The election of an anti-establishment government in Italy sent investors fleeing and Italian government bonds (BTPs) witnessed record outflows earlier this year. Antonio Ruggeri, manager of the OYSTER European Corporate Bonds fund at SYZ Asset Management,...