Here’s What Makes Tesla (TSLA) A Great Long-Term Investment

Baron Funds, an asset management firm, published its “Baron Partners Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. An increase of 5.52% was delivered by the fund’s institutional shares for the third quarter of 2021, outperforming the Russell Midcap Growth Index which declined 0.76%  for the same period. The S&P 500 Index rose 0.58% while the Morningstar Large Growth Category (the “Peer Group”) Average declined 0.07%. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Baron Partners Fund, in its Q3 2021 investor letter, mentioned Tesla, Inc. (NASDAQ: TSLA) and discussed its stance on the firm. Tesla, Inc. is a Palo Alto, California-based vehicle manufacturing company with a $1 trillion market capitalization. TSLA delivered a 53.70% return since the beginning of the year, while its 12-month returns are up by 82.78%. The stock closed at $1,084.60 per share on December 02, 2021.

Here is what Baron Partners Fund has to say about Tesla, Inc.  in its Q3 2021 investor letter:

“Tesla, Inc. designs, manufactures, and sells fully electric vehicles, solar products, energy storage solutions, and battery cells. The stock contributed as Tesla continued to present strong deliveries growth and a meaningful improvement in profitability despite a complex supply-chain environment. Demand remains robust, new localized manufacturing capacity is expected to support more efficient growth, and the autonomous program is accelerating. We expect Tesla’s growing vehicle offering, battery technology, and energy businesses to drive meaningful growth opportunities.”

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Based on our calculations, Tesla, Inc. (NASDAQ: TSLA) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. TSLA was in 60 hedge fund portfolios at the end of the third quarter of 2021. Tesla, Inc. (NASDAQ: TSLA) delivered a 48.09% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.