A long-term Elon Musk backer is cashing out of Tesla — and cutting its SpaceX exposure

Scottish Mortgage Investment Trust reduced its SpaceX holding to 11.1% of assets and sold its remaining Tesla stake. The trust did not publicly disclose the timing or proceeds from the Tesla sale. Scottish Mortgage is a publicly traded investment trust that has held stakes in both companies for several years.

• CNBC — A long-term Elon Musk backer is cashing out of Tesla — and cutting its SpaceX exposure

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