One of Tesla's biggest investors buys $32 mn shares for 0.07% stake

Tesla's second-biggest institutional shareholder, investment management firm Baillie Gifford, has increased its stake from 7.64% to 7.71% by purchasing nearly 1,09,000 Tesla shares worth over $32 million. The UK-based firm now owns 13.2 million shares of Tesla stock, a regulatory filing stated. The entire stake of the firm now translates to more than $4 billion worth of Tesla.