• A pair of investing kingpins at a long-time major Tesla shareholder break down why they're still bullish, why you won't find Google or Facebook in their holdings, and why Musk's bitcoin bet doesn't matter

    14 days ago - By Business Insider

    Summary List Placement Baillie Gifford, a 113-year-old asset manager tucked away in Edinburgh, Scotland, transformed into a technology-investing juggernaut in recent years after taking early stakes in firms, such as Alibaba, Google, and Facebook.
    Tesla is one of the $445 billion asset manager's biggest bets , making Baillie Gifford a household name as one of the electric automaker's largest external investors and biggest backers. For years it was Tesla's biggest institutional shareholder, a designation it only recently lost after regulatory reasons forced it to pare its position .
    Now, in...
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  • Elon Musk defends Tesla's $1.5 billion bitcoin bet as 'adventurous enough' for a S&P 500 company - and says it's less dumb than holding cash

    Elon Musk defends Tesla's $1.5 billion bitcoin bet as 'adventurous enough' for a S&P 500 company - and says it's less dumb than holding cash

    15 days ago - By Business Insider

    Elon Musk.
    Britta Pedersen-Pool/Getty Images
    Elon Musk defended Tesla's bitcoin bet as "adventurous enough," rather than also holding Dogecoin. Musk was responding to Binance CEO Changpeng Zhao, who called out Tesla's move in a Bloomberg interview. Zhao said he was surprised that Musk is a Dogecoin advocate, given that it was created as a joke. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk defended Tesla's $1.5 billion bitcoin bet after the CEO of major cryptocurrency exchange Binance called out the billionaire's support for meme-based token Dogecoin...
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