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Tesla Shareholder T. Rowe Price Sells Most of Stake in the Electric Car Company

Rob Lenihan

According to a filing with the Securities and Exchange Commission, the fund manager held 1.7 million Tesla shares as of March 31, down from 8.9 million shares at the end of 2018. The fund manager is holding the smallest number of Tesla shares since 2013 after ramping up its holdings late last year. T. Rowe Price runs both actively managed and passive funds and some of the decline in holdings may have been caused by money flowing out of funds rather than reduced positions.