You may have noticed that FT Alphaville over the past month or so has been referring to an electric vehicle bubble brewing in the US. Propelled by the runaway success of Tesla’s stock over the past year, a fleet of electric vehicle — and related technology — businesses have seen their share prices switch to ludicrous mode as a speculative fervour has grabbed the attention of investors looking to bet on an emission-free future.In some cases, they’ve done so via a merger with a cash shell known as a Spac, or Special Purpose Acquisition Vehicle or via a vanilla IPO. In others, they’ve simply languished for years on the market waiting to be discovered. In nearly every case however, they’ve outperformed the wider market by some distance over the past 6 months, even if the company is as
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You may have noticed that FT Alphaville over the past month or so has been referring to...