Baillie Gifford & Co Lowers Stake in Tesla (TSLA) to 4.25%

(Updated - September 2, 2020 7:03 AM EDT)

In a 13G filing on Tesla (NASDAQ: TSLA), hedge fund Baillie Gifford & Co disclosed a 4.25%, or 39,630,758 share, stake in the company. This is down 32.66% from the 58,856,065 shares held at the end of the latest quarter ending June 30, 2020.

• Baillie Gifford needed to reduce its Tesla holding to reflect concentration guidelines, according to Dow Jones, and intends to remain a significant shareholder for many years.

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