Leading Tesla Investor Takes Big Stake In NIO

OCT 10 2018 BY MARK KANE 10

Baillie Gifford & Co. owns a bit of Tesla and a bit of NIO.

Once again we see that Tesla investors are not willing to stick all eggs in one basket in the area of electric vehicles. Recently, Tesla shareholder Public Investment Fund of Saudi Arabia invested in Lucid Motors.

Now, Bloomberg reports that Baillie Gifford & Co., a company which owns 7.7% of Tesla, purchased 11.4% stake in NIO (85.3 million shares) for over half a billion dollars.

Baillie Gifford is the second largest Tesla investor, after Elon Musk, who owns nearly 20%.

It’s positive news for NIO, which noted an increase in stock price, after it fell slightly below IPO levels.

One of the most important investors in NIO is Tencent Holdings Ltd.. The Chinese tech company holds 22% of voting power (as well as 4.9% of Tesla.

Source: Bloomberg

Categories: NIO, Tesla

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10 Comments on "Leading Tesla Investor Takes Big Stake In NIO"

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Gabriel Rheault

Good…i was getting scared for my stocks :p

John-EU

Great, a flexible GF-X in Shanghai producing both brands on the horizon (just speculation, but could make sense)

ffbj

NIO may succeed due to the beneficial conditions under which they IPO’ed.

arne-nl

“…we see that Tesla investors are not willing to stick all eggs in one basket…”

Fixed 😀

AzzyLand

NIO would be a big thing in the future because it has benefited greatly from direct and indirect assistance from the Chinese government. Au revoir, Tesla

Get Real

LMAO, Azz’s wet dream fantasy.

groingo

Dumped my Tesla stock several months ago and re invested in NIO…will see how they do over time, much more stable company.

Paul Smith

Hahahaha.

tftf

Both stocks are bubbles, it’s like in investing in Atari and Commodore back in the early 80s – because “PCs were the future”.

Well, they were, but both pioneers still didn’t make it.

Pioneers often end up with arrows in the back as fast followers with deep pockets overwhelm them (same for BlackBerry and Palm in mobile sector, same for German solar companies…).

Dozens of car makers will make EVs by 2020-2025, no clear winner for the next decade. Wait till the smoke clears (and cars are very cyclical, a hard sector to invest in – the next downturn may come soon!).

Micke Larsson

The ES8 is one good looking vehicle. I hope they will start selling it outside China soon.