Home / Uncategorized / Tesla's biggest non-Musk shareholder just cut its stake in half ? but the stock is still soaring (TSLA)

Tesla's biggest non-Musk shareholder just cut its stake in half ? but the stock is still soaring (TSLA)

Business Insider – Tesla shareholder T. Rowe Price cut its stake in half in the fourth quarter, a regulatory filing showed on Monday. As of September, prior to the divestiture, T. Rowe was the automaker’s second-largest shareholder, trailing only CEO Elon Musk. Now, Baillie Gifford is Tesla’s biggest institutional stakeholder. Watch Tesla trade live. T. Rowe Price, formerly Tesla’s largest institutional shareholder, cut its stake in half in the fourth quarter, a regulatory filing showed on Monday. The filing showed that T. Rowe had reduced its stake to 5.2% as of the end of December, down from the 10.12% stake it held in September. Prior to the divestiture, T. Rowe was Tesla’s second-largest overall shareholder, trailing only CEO Elon Musk. The move makes Scottish investing giant Baillie Gifford Tesla’s biggest institutional stakeholder. Tesla investors didn’t seem particularly perturbed by the development. The company’s stock climbed 3.59% on Monday, trading near $316.77 per share. T. Rowe’s wi
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