Edinburgh-based investment house Baillie Gifford first bought 2.3 million shares worth $89 million in Tesla in 2013, building its holding to nearly 14 million shares by December 2019. Its stake is worth $10.35 billion.
EDINBURGH—One of the biggest winners from Tesla Inc.’s wild ride is a 112-year-old Scottish asset-management firm that has become a specialist in holding some of the world’s most hyped stocks for the long term.
Baillie Gifford & Co., the Edinburgh-based investment house with £218.6 billion in assets under management, is electric-car maker Tesla’s largest institutional shareholder and the second-largest shareholder after Chief Executive Elon Musk.
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