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Barron’s: Top shareholder of Tesla says Elon Musk doesn’t need to be the CEO anymore

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Tesla Inc’s largest shareholder expressed its support for Chief Executive Officer Elon Musk, but acknowledged that it was open to a different role for the electric carmaker’s founder and CEO, Barron’s reported on Tuesday.

“We wouldn’t be against him having a different role,” James Anderson, head of global equities for Baillie Gifford & Co, told Barron’s. “I don’t think he needs to be CEO.”

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Anderson said Musk was essential to Tesla, but suggested that the company’s founder could play some other role within the company, such as taking on a “chief ideologue” position, according to the report.

Both Tesla and Baillie Gifford did not immediately respond to a request for comment.

Edinburgh-based investment management company Baillie Gifford has a nearly 8 percent stake in the company, according to Refinitiv data.

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Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

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