Tesla's Biggest Non-Musk Shareholder Just Cut Its Stake In Half
Rowe Price, formerly Tesla's largest institutional shareholder, cut its stake in half in the fourth quarter, a regulatory filing showed on Monday.
According to Business Insider, the filing showed that T.
Rowe had reduced its stake to 5.2% as of the end of December.
Prior to the divestiture, T.
Rowe was Tesla's second-largest overall shareholder, trailing only CEO Elon Musk.
The move makes Scottish investing giant Baillie Gifford Tesla's biggest institutional stakeholder.