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Scottish Mortgage Investment Trust, a long-term backer of Elon Musk, has sold its remaining Tesla stake, CNBC reported on November 6, 2026. The trust also cut its SpaceX holding to 11.1% of assets. The excerpt did not give the size of the Tesla sale or the reasons for the trust's decisions. The moves reduce its exposure to two companies closely associated with Musk.

Sources:CNBC Top News

1 outlet · 1 article · first seen Nov 6, 8:40 AM ET

What this touches in markets

Stored closes for the instruments tied to this story's tags and places, with their dates.

  • TSLA closed at 343.69, down 10.77%, on 2026-11-05. Listed for: ticker the story is tagged with.
  • XLY closed at 117.64, down 3.83%, on 2026-11-05. Listed for: Consumer Discretionary sector ETF.

Every source article

Corroborated by 1 outlet (GDELT)