February 11, 2019 / 4:16 PM / 5 months ago

T. Rowe Price nearly halves stake in Tesla to 5.2 percent: filing

FILE PHOTO: A driver recharges the battery of his Tesla car at a Tesla Super Charging station in a petrol station on the highway in Sailly-Flibeaucourt, France, January 12, 2019. REUTERS/Pascal Rossignol/File Photo

(Reuters) - Tesla Inc shareholder T. Rowe Price Group Inc had a 5.2 percent stake in the electric car maker as of end-December, roughly half its earlier stake, a regulatory filing here showed on Monday.

As of September, the fund manager had a 10.12 percent stake in Tesla.

Shares of Tesla were up 3 percent at $315.16 in morning trading.

Reporting by Sonam Rai in Bengaluru; Editing by Sai Sachin Ravikumar

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