Baillie Gifford American managers join James Anderson in slashing Tesla holding
Baillie Gifford American managers join James Anderson in slashing Tesla holding Managers Tom Slater and Gary Robinson shunning the Faangs for the next gen of e-commerce and cloud services companies Baillie Gifford American managers Tom Slater and Gary Robison have joined colleague James Anderson in slashing exposure to Tesla, a situation which reflects the “challenging maths” of trying to more than double their returns as the company’s valuation balloons. Elon Musk’s electric car company made up 8.4% of the £7.4bn fund at the end of December but a month later that had been pared ba...
Source: portfolio-adviser.com