Schiehallion: Value of Spacex stake in Baillie Gifford trust skyrockets March 26, 2025 Baillie Gifford’s Schiehallion trust marked up the value of its holdings in Elon Musk’s Spacex by 86 per cent last year, as the trust worked to close the gap between its share price and underlying assets. The valuation of Spacex, which makes up 9.4 per cent of Schiehallion’s portfolio, has increased by more than 600 [...]
Why boss of FTSE 100 giant Auto Trader might ditch his Tesla March 25, 2025 The boss of FTSE 100 Auto Trader may ditch his Tesla in the future as rivals to Elon Musk's giant become more competitive on price.
Davey warns against scrapping tax on tech companies to ‘appease’ Trump March 23, 2025 Sir Ed Davey has warned against “appeasement” of Donald Trump amid reports Labour could change or ditch a tax on tech companies to avoid US tariffs. Chancellor Rachel Reeves did not deny the option was on the table after reports the UK is talking to the US about the digital services tax to seek a [...]
Baillie Gifford slashes Tesla stake as investor calls on Musk to step down March 19, 2025 Baillie Gifford has slashed its stake in Tesla to a record low as a major shareholder has called on CEO Elon Musk to step down from the company. The Edinburgh-based investment manager first invested in Musk’s electric car company in 2013 and has been a strong backer of the billionaire’s firms ever since. However, a [...]
It’ll take more than a White House PR stunt to turn Tesla around March 19, 2025 Elon Musk represents a reputational risk to Tesla and the company’s value could soon collapse to near zero, says John Caudwell Tesla will need a lot more than a PR stunt on the White House driveway to reverse its current despairing fortunes as anti-Elon Musk and anti-American trade war sentiment reverberates around the globe. While [...]
Trump’s U-turn on Tesla betrays a paranoid President March 17, 2025 Trump's Tesla U-turn is not the product of an economically literate president, it is the product of a paranoid one, writes Eliot Wilson.
Elon Musk: Protesters outside London Tesla dealership call for boycott March 15, 2025 Protesters gathered outside a Tesla dealership in London have called for people to boycott the Elon Musk owned electric car maker. Organisers are encouraging Tesla owners to sell their cars and for people to dump stock. The electric car giant has already seen shares plunge since the start of the year as the firm comes [...]
Steel tariffs: US trade policy under Trump ‘challenging’, Reynolds admits March 13, 2025 The US tariff policy under President Donald Trump is proving “challenging” for Britain, the business and trade secretary has admitted. Jonathan Reynolds is in discussions with his US counterparts over Trump’s new 25 per cent tariff regime on steel and aluminium imports – but has not secured an exemption for the UK. It comes after [...]
Government urged to ditch ‘shares tax’ for retail investors March 12, 2025 The government must use its Spring Statement to cut the stamp duty on shares paid by retail investors to help foster a British investment culture and boost financial inclusion, Hargreaves Lansdown has said. In an impassioned plea, the investment platform argued cutting the tax, which is applied on the purchase of all UK shares, would [...]
Free Thinking: Will Musk regret putting Trump’s politics before Tesla sales? March 7, 2025 This week on Free Thinking, Alys Denby is joined by writer and City AM columnist Eliot Wilson to discuss whether Elon Musk is paying the price for mixing politics and business.