From CityWire

With Elon Musk’s outfit under increase pressure, Citywire Selector looked at the managers with high levels of exposure. With the Securities and Exchange Commission seeking to charge Tesla founder Elon Musk with fraud, shares in the electric vehicle manufacturer dropped 13% to $307.5-per-share.

A number of fund managers have already voiced criticism of the US group, with the likes of renowned long/short investor Crispin Odey saying Tesla is entering the ‘final stage of its life’.

Meanwhile, James Clunie, absolute return manager at Tesla, has shorted the stock for a while due to its ‘worrying metrics’ due to valuation fears.

However, while there are several negative views out there, a number of large-scale investors are still holding high levels of long exposure to the group. According to Citywire research, which used the latest available Lipper IM data, a number of fund houses – notably Fidelity – have a range of funds with large stakes in the firm.

In this gallery, we narrow down those with exposure to uncover which Citywire-rated managers currently have 5% or more of their net assets invested in the under-fire firm. Data based on Lipper IM portfolio holdings. All featured managers were approached for comment but declined.

Manages with relatively high Tesla exposure include: Helen Xiong, Gary Robinson, Tom Slater, Mark Urquhart.


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