Baillie Gifford’s McCombie: Why I’m Still Backing Tesla

Baillie Gifford is Tesla’s third largest shareholder, and the fund managers are still excited about the stock despite the controversial chief executive

David Brenchley 2 November, 2018 | 7:27AM

Tesla model S electric vehicle US equities climate change Elon Musk

Investors are missing the point by focusing on Tesla (TSLA) founder Elon Musk’s controversial tweets, instead of the huge opportunity in front of electric car maker, according to Baillie Gifford’s Iain McCombie.

Musk has come under fire after a series of questionable tweets that included a claim he had secured funding to take the company private, for which he received a $20 million fine from the Securities and Exchange Commission.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Baillie Gifford Managed A Acc851.07 GBP-1.74
Monks Ord777.06 GBP0.92
Scottish Mortgage Ord589.42 GBP5.16
Tesla Inc502.13 USD0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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