News Focus
News Focus
Post# of 24535
Next 10
Followers 514
Posts 28250
Boards Moderated 2
Alias Born 01/22/2001

Re: tomdoc post# 6537

Thursday, 06/20/2019 4:32:10 PM

Thursday, June 20, 2019 4:32:10 PM

Post# of 24535
Tesla Investor has about 11% interest

Not Tesla, my bad.

"Baillie Gifford & Co., a major Tesla Inc. TSLA, -0.22% shareholder, has taken an 11.44% stake in Chinese electric-car maker Nio Inc. NIO, +0.71% according to a filing Tuesday. Baillie Gifford is the No. 2 institutional Tesla holder, with a 7.7% stake, behind Fidelity Management & Research Co., which holds a 12.1% stake, according to FactSet. American depositary shares of Nio rose nearly 7% in the extended session Tuesday after ending the regular trading day up 22%. Nio, backed by Chinese internet giant Tencent Holdings Ltd. 700, +1.96% debuted on the New York Stock Exchange last month, raising about $1 billion. Nio shares have gained 6% since its IPO. Nio launched its 7-seater SUV, the ES8, in December, and plans to launch its second vehicle, the 5-seater SUV ES6, by the end of the year.

https://www.marketwatch.com/story/tesla-investor-takes-11-stake-in-rival-electric-car-maker-nio-2018-10-09

Dragon52

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent NIO News