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Tesla investment reaps $29bn profit for Edinburgh fund

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January 24, 2021 at 05:53PM

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Electric car maker was $6 a share when Scottish Mortgage Investment Trust started buying, now it’s $846

Elon Musk has made so much money from Tesla that he is now the richest person on the planet. However, the second-biggest winners are investors in an Edinburgh-based investment fund that began backing Musk’s electric car company in 2013.

Baillie Gifford’s investments in Tesla have made an extraordinary $29bn (£21bn) for investors including pension funds, foundations and charities, according to figures released to the Guardian.

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