Jupiter's Clunie: James Anderson Should Sell Tesla

James Clunie, manager of the Bronze-rated Jupiter Absolute Return fund, explains why he's shorting Tesla, alongside a third of Scottish Mortgage's listed stock portfolio

David Brenchley 29 March, 2019 | 11:47AM

Tesla, Scottish Mortgage, James Anderson, James Clunie, Jupiter Absolute Return, Baillie Gifford, short selling

The evidence against an investment case for Tesla (TSLA) is “overwhelming” and should, eventually, lead Baillie Gifford’s James Anderson to significantly reduce his weighting to the electric car maker, according to Jupiter’s James Clunie.

Tesla currently accounts for around 6% of Anderson’s Morningstar Gold-rated Scottish Mortgage (SMT) and has done wonders for the ever-popular trust’s stellar performance over recent years. It's also owned - and has been backed - by other Baillie Gifford fund managers.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Amazon.com Inc2,042.76 USD0.00
Jupiter Absolute Return I Acc46.85 GBP-0.32
Netflix Inc370.72 USD0.00
NIO Inc ADR2.67 USD0.00
Scottish Mortgage Ord612.57 GBP1.08
Tesla Inc573.00 USD0.00
Wayfair Inc Class A76.85 USD0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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