Shares of Tesla, Inc. (TSLA, Financial), which designs, manufactures, and sells fully electric vehicles, solar products, and energy storage solutions, contributed to performance. Tesla’s stock stabilized as investors build conviction around Model 3 demand trends and expanding margins. Tesla’s China factory is ahead of schedule, and investors anticipate the Model Y will positively impact the company’s P&L. We continue to expect significant value creation for Tesla’s stakeholders.
From Ron Baron (Trades, Portfolio)'s Baron Partners Fund third-quarter 2019 shareholder letter.
