Tesla investor Baillie Gifford’s big bet on China’s NIO goes awry

Tesla investor Baillie Gifford’s big bet on China’s NIO goes awry

A NIO Eve autonomous concept electric car. Photographer: Qilai Shen/Bloomberg

A bet by Baillie Gifford, the largest investor in Tesla Inc. after Elon Musk, that the rise of electric vehicles is close to inevitable is going haywire.

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