In an article by Dana Hull and Anders Melin of Bloomberg News – two of Tesla’s largest shareholders are supporting a plan to award Elon Musk a compensation package valued at $2.6 billion. The two companies are Baillie Gifford & Co and T. Rowe Price Group which own about 14% of the shares. Mr. Musk owns about 20%.
Edinburgh based Ballie Gifford founded in 1908 and one of the world’s most active technology inestors owns about 7.6% while Baltimore based T Rowe Price owns about 6.4% in various funds.
What is interesting in the story is reading who owns what. Chances are you may have heard about T Rowe Price but did you know Baillie Gifford? They are on the internet in case you want to examine the company.
Linking to dividend paying stocks, in the technology sector there are numerous methods to invest. Buy the company, ETFs. mutual funds, etc. and most of the time we are biased towards the area we live in. It is good to read who are the major shareholders and how you might be able to catch a ride with them. The folks in Edinburgh, Scotland and Baltimore, Maryland are away from Wall Street in New York and may know a thing or two.
There are more questions than answers, till the next time – to raising questions.