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October 29 (Reuters) – Baillie Gifford & Co, one of the major shareholders of Tesla Inc., said it would be willing to inject more money into the electric car maker, reported on Monday. the bit.ly/2PwSpuu.
"If he (the CEO of Tesla, Elon Musk) needs more capital, we would be ready to support him," said Nick Thomas, partner of the Edinburgh-based Baillie Gifford.
Baillie Gifford is the third largest shareholder in the group with a 7.72% stake. Elon Musk tops the list with about 20% of the electric car maker, followed by T.Rowe Price Associates Inc., which holds about 10%, according to Refinitiv data.
Baillie Gifford's support comes a few days after Tesla announced a net profit of $ 311.5 million in the third quarter.
Tesla and Baillie Gifford did not immediately respond to requests for comment. (Report of Philip George to Bengaluru, edited by Gopakumar Warrier)
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