- Elon musk
Headwinds in sight for Tesla on the stock market? Scottish company Baillie Gifford & Co, so far the second largest shareholder in the Elon Musk-founded auto maker with 6.3% of the shares outstanding, told the SEC, the US financial markets gendarme, to have reduced its stake in the American automaker. Baillie Gifford now owns 4.25% of the shares You're here. According to the Wall Street Journal, his decision was prompted by guidelines that limit the percentage of a portfolio that can be invested in a single stock, following the rise in Tesla stock prices. Still, the timing of the release seems reasonable, given the crazy surge in prices in recent months …
While the electric vehicle maker has just stolen 7th place from Visa in the ranking of the largest US caps, it recently announced that it plans to raise $ 5 billion through the issuance of new shares. A group of large international banks, such as Goldman Sachs, Bank of American, Morgan Stanley, Credit Suisse or BNP Paribas, will act as agent and receive up to 0.5% of the profits of the operation.
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