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via finance.yahoo.comAsset Management

Scottish Mortgage exits Tesla after 13-fold gain

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Scottish Mortgage Investment Trust has lost a longtime institutional investor in Tesla Inc. (TSLA, Financials) , saying it sold its remaining shares in April to conclude a stake it initially formed in 2013. Warning! GuruFocus has…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA long-term investor exiting can weigh on sentiment toward the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The fund sold its remaining Tesla shares in April.
  2. 02The investment produced about 6.2 billion dollars in realized profit.
  3. 03The fund also cut its exposure to SpaceX.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Tesla, Inc.TSLAStock362.21 USD+0.62%today +5.39%Neutral Scottish Mortgage Investment Trust PLCSMT.LSEStock1,470.00 GBpMarket closedtoday +2.51%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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