CNBC Reports One of Tesla Motors largest investors just increased its stake

Firstly, CNBC Reports that Baillie Gifford is Tesla Motors second-largest institutional shareholder.

So it seems that the U.K-based firm slightly increased its stake. Up to 7.71 percent from 7.64 percent on Friday.

from CNBC REPORTS |@RobertoFerris

Published 9 Hours Ago, Updated 6 Hours Ago on

A Tesla Model 3 car is on display during the Auto China 2018 at China International Exhibition Center on April 25, 2018 in Beijing, China. second-largest institutional shareholder

VCG/VCG | Getty Images

A Tesla Model 3 car is on display during the Auto China 2018 at China International Exhibition Center on April 25, 2018 in Beijing, China.

So because Tesla shareholder Baillie Gifford & Co. just increased its stake in the electric car maker it needed to made a regulatory filing. Therefore on Friday became they second-largest institutional shareholder

Therefore the U.K.-based investment management firm is Tesla’s second-largest institutional shareholder. It in total bought 108,931 of the company’s shares. That’s all during the fourth quarter, according to the filing and data compiled by FactSet.

In conclusion, it now owns just over 13.2 million shares valued at roughly $4 billion. Finally Its stake increased from 7.64 percent at the end of the third quarter to 7.71 percent as of Dec. 31.

However their timing was perfect  Back in the fourth quarter, the Bears were thinking:

Although it includes a falling share price. Cause of the concerns on expiring electric vehicle credits and a mountain of debt. As well, in about five weeks all loom over Tesla as investors wait for its fourth-quarter earnings release. That’s after the markets close Wednesday. They’ll be looking to see how the last three months of the year compared with its strong third-quarter results, which surprised investors with a profit. Of course it has better-than expected car sales. Also they are rocking it with Panasonic USA and faster production of its Model 3 sports sedan.

For the entire story on CNBC

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