Baillie Gifford Sold Over 11M Shares of Tesla (TSLA) in Q1

May 6, 2021 11:10 AM EDT

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Large Tesla (NASDAQ: TSLA) shareholder Baillie Gifford continues to cut its stake, a new 13F filing filed showed.

Today's filing showed the firm cut its stake from ~27,300,000 shares to 16,216,060 shares, as of March 31, 2021. This represents a 41% cut to the stake.

Before the sale, Baillie Gifford was the 6th largest Tesla shareholder.

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