Baillie Gifford, which holds a 7.72 percent stake in Tesla, called CEO Elon Musk an entrepreneur of “vision and ambition, who’s working towards a social good.”
Source: www.cnbc.com
Tesla Inc.’s (TSLA) third-largest shareholder Baillie Gifford, an independent U.K investment management firm, is ready to invest more capital into the electric car manufacturer. Owning a 7.72% stake in the electric car maker, the investment manager has also backed Tesla’s Chief Executive Officer Elon Musk long-term ambitions for the company. Musk is Tesla’s largest shareholder with a nearly 20% stake, followed by T. Rowe Price Associates, with a stake of about 10%.
