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Home / Business / Big Tesla shareholder Baillie Gifford corrects Elon Musk and urges him to concentrate

Big Tesla shareholder Baillie Gifford corrects Elon Musk and urges him to concentrate



  Elon Musk
Mark J. Terrill / Associated Press


One of Tesla's most influential shareholders has been listening to Elon Musk in recent weeks for the turmoil surrounding him and the electric automaker.

James Anderson, partner and portfolio manager at asset management firm Baillie Gifford, highlighted the turbulence surrounding Musk – including the CEO's recent public protests.

Musk has angered reporters and news agencies with disturbing news about the production of Tesla Model 3 and internal struggles in the company. These rumors have led to some fallouts that overheated both Musk's fans and his critics.

Anderson quashed musk in an interview with Bloomberg on Wednesday: "We are very supportive, but we want peace and execution at this stage," Anderson said. "It would be good to focus only on the core task."

Baillie Gifford held 12.8 million Tesla shares at the end of the first quarter, which would be worth a little more than $ 4 billion on Wednesday at a closing price of $ 318.96 per share.

The hand-wringing comes while the saga goes around the Tesla Model 3 production. Tesla has either missed or postponed production targets since the company built its latest car at the end of 2017.

Nonetheless, Musk has split his time between his many other business ventures – and occasional forays into completely new interests, such as his visit to Thailand during a dramatic rescue mission this week and, more recently, his focus on the ongoing 2015 water crisis in Flint , Michigan.


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