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Elon Musk Should Be Enabled to Step Back From Tesla, Investor Says

  • Baillie Gifford partner says CEO ‘can be in the background’
  • Shares have slid since billionaire reversed course on stores
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Elon Musk Should Step Back a Little From Tesla, Baillie Gifford's Anderson Says
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One of Tesla Inc.’s largest investors said Chief Executive Officer Elon Musk may better serve the company by being less outspoken.

James Anderson, a partner and portfolio manager at Baillie Gifford & Co., said Tuesday on Bloomberg Television he registered an “extraordinarily unsuccessful” plea in July for Musk to take a more peaceful approach to running the company. The following months, the CEO tweeted he secured funding to take the company private, abandoned that pursuit and then settled a U.S. Securities and Exchange Commission lawsuit.