Read more
3:48 PM · 2 September 2020

Tesla stock takes a hit after large shareholder reduced its stake

Tesla
Stocks
TSLA.US, Tesla Inc
-
-
Tesla (TSLA.US) shares are trading significantly lower today as its largest outside shareholder Baillie Gifford trimmed its position in the company to less than 5% from 6.3%. Scotland-based Baillie Gifford & Co., said its reduced its Tesla stake given guidelines that restrict the percentage of the portfolio that can be in a single stock, following the run up in prices, however maintained its bullish view on the company's future performance. "We intend to remain significant shareholders for many years ahead. We remain very optimistic about the future of the company,” Baillie Gifford’s James Anderson said.
Tesla’s stock rose 12% after 5-for-1 stock split went into effect on Monday, while on Tuesday company announced its plans to raise up to $5 billion through a new stock offering.
Tesla (TSLA.US) shares fell more than 10% during today's session. Should downbeat moods prevail, support at $360.64 may come into play. Source: xStation5
12 December 2025, 5:42 PM

Rivian Automotive: Rising star or a meteorite?

12 December 2025, 2:40 PM

US OPEN: Valuations under pressure amid deregulation spree

12 December 2025, 10:53 AM

DE40: DAX gains 0.5%📈Lufthansa surges almost 5% amid Kepler recommendation

12 December 2025, 7:59 AM

Broadcom shares drop 5% despite robust earnings and AI demand 🗽

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits