Scottish Mortgage fully exits Tesla with a 13-fold gain on its stake
Scottish Mortgage says it sold its remaining Tesla shares in April, ending a stake begun in 2013 with about 13 times the money invested, per gurufocus.com.
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what happened
According to gurufocus.com, Scottish Mortgage Investment Trust said it sold its last Tesla shares in April, closing a position it first opened in 2013. Managed by Baillie Gifford, the fund put nearly $470 million into Tesla over 13 years and realized almost $6.2 billion in profit, a return of 13 times the capital invested.
The trust said most of Tesla's potential in autonomous driving and robotics was already reflected in its value, and it pointed to intensifying competition in electric cars, particularly in China. It is also trimming SpaceX, which made up 11.1% of its assets on Wednesday, down from 15% on September 30. The fund said the reduction reflected portfolio discipline rather than a loss of faith in the company.
why it matters
For markets, the exit signals that a long-term holder sees limited room for growth in Tesla at its current valuation. The sale took place in April, so it adds little new price pressure today, but it feeds the debate over how much growth is already priced into the stock.
market impact
Tesla shares: a major long-term holder's exit adds caution, though the sale was completed months ago.
tags
instruments
on polymarket
sources
- Elon Musk's longtime backer exits Tesla after 13-fold gain — gurufocus.com, 6 November 2026 at 19:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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