One of Tesla’s largest investors just increased its stake


VCG/VCG | Getty Images

A Tesla Model 3 car is on display during the Auto China 2018 at China International Exhibition Center on April 25, 2018 in Beijing, China.

Tesla shareholder Baillie Gifford & Co. has just increased its stake in the electric car maker, according to a regulatory filing Friday.

The U.K.-based investment management firm, Tesla’s second-largest institutional shareholder, bought 108,931 of the company’s shares during the fourth quarter, according to the filing and data compiled by FactSet.

It now owns just over 13.2 million shares valued at roughly $4 billion. Its stake increased from 7.64 percent at the end of the third quarter to 7.71 percent as of Dec. 31.



Source link

Products You May Like

Articles You May Like

Is a college education worth it? Grads are divided
This industry shows an interest rate hike is unwarranted
Wall Street analysts react to Netflix’s earnings report
citgroup earnings q1 2019 beat estimates, but revenue falls
ABB names Voser as interim CEO after Spiesshofer quits

Leave a Reply

Your email address will not be published. Required fields are marked *