Top Tesla shareholder says Elon Musk ‘doesn’t need to be CEO’

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Tesla Inc’s largest shareholder expressed its support for CEO Elon Musk, however acknowledged that it was open to a different position for the electric automaker’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, informed Barron’s. “I don’t think he needs to be CEO.”

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

Edinburgh-based investment management company Baillie Gifford has a almost 8 percent stake in the company, as per Refinitiv data.

Both Tesla and Baillie Gifford did not answered to a request for discussion.

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