Baillie Gifford's Robinson: Three reasons Tesla's share price could continue to climb

Electric car maker remains 'undervalued'

Despite a tenfold increase in its share price in just ten months, investors continue to "undervalue" the growth story for electric car maker Tesla, Baillie Gifford's Gary Robinson has claimed.

Tesla has seen a meteoric rise through 2020, with little sign of that stopping any time soon. While Robinson, who manages the £1bn Baillie Gifford US Growth Trust, said he had "taken a little bit of money off the table", he added the trust's management team was "still really enthusiastic about Tesla in the long term". Tesla was the largest holding in the trust's portfolio and accounted for 8.7% of total assets at 31 December. Speaking to clients at a webinar run by Winterflood, Robinson gave a trio of things that he thought were underappreciated about the firm. Baillie Gifford's Ja...