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Tesla's Biggest Non-Musk Shareholder Just Cut Its Stake In Half

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Tesla's Biggest Non-Musk Shareholder Just Cut Its Stake In Half

Tesla's Biggest Non-Musk Shareholder Just Cut Its Stake In Half

T.

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.

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