One of Tesla’s biggest investors took an 11.4% stake in rival Nio

Baillie Gifford & Co., the second-biggest shareholder of Tesla stock, has taken an interest in Nio, the Chinese electric vehicle automaker that recently became a publicly traded company. Baillie Gifford now owns an 11.44 percent stake in Nio, according to a regulatory filing posted Tuesday. The company disclosed that it had purchased 85.3 million shares, […] https://ift.tt/2QFaEuH Kirsten Korosec October 09, 2018 at 06:00PM