by Tyler Durden
Thursday, May 06, 2021 - 11:14 AM
Baille Gifford and company has been one of the most ardent Tesla bulls over the course of the last few years, sticking with Musk through thick and thin, and vowing that it would always be a supportive shareholder refusing to sell its shares even when many others did.
But now, perhaps not unlike Tesla's relationship with China, it looks as though the honeymoon could be over. The firm appears to have dumped 40% of its stake in Tesla in Q1 2021. It previously held more than 27 million shares of Tesla.
In a Form 13F filed on Thursday, we learn that that Baillie Gifford sold 11,088,110 shares of Tesla in Q1, according to WhaleWisdom. This leaves the firm with a 1.68% stake in the company.
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