
This FTSE 100 fund’s been selling Tesla stock and buying an EV rival instead!
Image source: Getty Images Scottish Mortgage Investment Trust (LSE: SMT) has been a long-time backer of electric vehicle (EV) trailblazer Tesla (NASDAQ: TSLA). It first bought shares in 2013 and has made billions from that lucrative stake over the years. However, the FTSE 100 trust has recently been selling its once-massive holding. At the end…