Tesla’s biggest investor, Baillie Gifford, believes it’s a “better-run” company these days, thanks in large part to Tesla’s chairwoman. James Anderson, head of global equities for the firm, told the Financial Times that Tesla Chairwoman Robyn Denholm provides “emotional” support for CEO Elon Musk. Denholm, one of two women on […]
Baillie Gifford, the Edinburgh-based fund management company that holds a 10% stake in Tesla, last year commissioned an internal report reviewing that position, The Times of London reported Monday. Baillie Gifford is the largest Tesla shareholder other than Elon Musk. The “Devil’s Advocate” review came after Musk’s continued issues with […]
Managers at Tesla’s largest outside shareholder, Baillie Gifford, rarely speak publicly. When they do, the electric automaker is usually not the topic of conversation. However, the firms’ partner James Anderson had blunt advice for Elon Musk in the wake of a tumultuous year and multiple strategy changes. “One should, on […]
Aurora Innovation has raised $US600 milion as part of a Series B funding round from backers including Kia and Hyundai. Baillie Gifford, Tesla’s top shareholder after CEO Elon Musk, also participated in the round Aurora cofounder Sterling Anderson previously worked on Tesla’s Autopilot program. Visit Business Insider’s homepage for more […]
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 […]
SpaceX is eyeing a $US500 million funding round that values the company at more than $US30 billion, the Wall Street Journal reports. Baillie Gifford, a century-old Scottish investment firm, owns about 7% of Tesla. An investment in SpaceX could be an affirmation of its confidence in CEO Elon Musk. The […]
A partner at Scottish investment firm Baillie Gifford, one of Tesla’s biggest shareholders, told The Times of London that it would be willing to back Elon Musk with more cash if needed. Nick Thomas said Musk is an entrepreneur of “vision and ambition” and that “only time will tell” if […]
TransferWise on Wednesday announced it had...