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VW, Goldman Sachs, Spotify Founder Back Tesla Rival Northvolt
Wednesday, September 30, 2020 - 11:44pm | 540Former Tesla Inc (NASDAQ: TSLA) employees Peter Carlsson and Paolo Cerruti are taking Tesla and its ambitious battery production goals head on. Northvolt's New Funding: Northvolt, founded by Carlsson and Cerruti, announced a new $600-million funding round Wednesday. This brings the...
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Baillie Gifford Reduces Tesla Stake, Remains 'Very Optimistic About The Future'
Wednesday, September 2, 2020 - 1:33pm | 292Tesla Inc (NASDAQ: TSLA) shares are trading lower after investment management firm Baillie Gifford reduced its stake in order to reflect concentration guidelines. The stake was reduced from 6.32% to 4.25%. "The substantial increase in Tesla’s share price means that we needed to...
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The Tesla Shareholders Who Benefit The Most From The Q2 Delivery Beat
Monday, July 6, 2020 - 7:46am | 437After announcing many more second-quarter vehicle deliveries than Wall Street expected, Tesla stock set new records, closing above $1,200 for the first time. While this is great news for the company, stock holders also benefit greatly from Tesla's success. The following are some of...
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Tesla, Amazon Backer Baillie Gifford Invests $35M In Air Taxi Startup Lilium
Tuesday, June 9, 2020 - 1:06am | 271Baillie Gifford has invested $35 million in Germany-based air-taxi startup Lilium, the Financial Times reported. What Happened The United Kingdom-based private investment firm holds a nearly 4% stake in Lilium as a result of the investment that valued the startup at more than $1 billion, according...
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Tesla Ticks Higher On Rumor Of Volkswagen Interest
Thursday, August 22, 2019 - 9:13am | 420Tesla Inc (NASDAQ: TSLA) shares traded higher by 2.8% on Thursday morning after a German magazine suggested VOLKSWAGEN AG/ADR (OTC: VWAPY) may be interested in a buyout of Tesla. What Happened According to Manager Magazin, Volkswagen CEO Herbert Diess is “the biggest Tesla fan” and...
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Musk's SpaceX Raises $500M As Valuation Nears $30.5B
Tuesday, December 18, 2018 - 11:49am | 439Elon Musk needs a boost to launch SpaceX’s internet-service business, according to a Wall Street Journal report. The firm is raising $500 million from existing investors and major Tesla Inc (NASDAQ: TSLA) shareholder Baillie Gifford to propel its valuation to $30.5 billion. What To...
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Tesla's Stock Gets Another Boost, Courtesy Of Baillie Gifford
Monday, October 29, 2018 - 9:10am | 391Scottish investment manager Baillie Gifford & Co. is ready to raise its stakes in Tesla Inc (NASDAQ: TSLA) following an impressive third-quarter report and in spite of proliferating legal liabilities. What Happened The automaker’s third-largest shareholder said Monday it would be willing...
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Spotify Is Worth $8.2 Billion; Who's Invested?
Wednesday, June 10, 2015 - 10:05am | 361Online music provider Spotify recently hired Goldman Sachs to help it raise new funding -- $526 million, according to Rhe Wall Street Journal. The move could be aimed at fending off competing service Pandora Media Inc (NYSE: P) and Apple Inc. (NASDAQ: AAPL), which launched its own music...
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Tesla Lost Popularity Among Institutional Investors In Q1
Tuesday, May 19, 2015 - 12:19pm | 427It seems like Tesla Motors Inc (NASDAQ: TSLA) lost popularity over the first quarter of the year. Not only did the company see more firms close their positions (70) than start new ones (56), but also it witnessed a 22 percent decline in the number of institutions that count its stock amongst its...
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Who Holds The Most Tesla Stock?
Wednesday, April 29, 2015 - 4:45pm | 327Anticipation is building as Thursday approaches. On that day, Tesla Motors Inc (NASDAQ: TSLA) will present its new product line, assumed to be stationary batteries. While many investors do not know what to expect and analysts can’t seem to agree regarding the company’s future, a...