Scottish Mortgage cuts SpaceX stake and exits Tesla after 13 years
Photo: Crypto Briefing
Baillie Gifford's flagship trust banks profits from two of its biggest wins while leaning further into AI names like Anthropic Scottish Mortgage Investment Trust has sold the last of its Tesla shares. It has also sharply reduced its stake in SpaceX, cashing in on two of the most successful long-term bets in its history. The trust is managed by Baillie Gifford and was one of the early institutional backers of both Elon Musk companies. The Tesla position lasted 13 years. Scottish Mortgage fully exited in the second quarter of 2026.
Source: Crypto Briefing
