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October 9, 2018 09:10 pm GMT

One of Teslas 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 a Nio, the Chinese electric vehicle automaker that recently became a publicly traded company. Baillie Gifford now owns an 11.44% stake in Nio, according to a regulatory filing posted Tuesday. The company disclosed that it had purchased 85.3 million shares, […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/T1Rbz7MFDi8/

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