Shares of electric vehicle company Tesla Motors, Inc. (NASDAQ:TSLA) fell during the third quarter as the market continued to evaluate the potential merger with SolarCity. An investigation into a fatal accident involving Tesla’s autopilot and the possibility of an additional equity round by year end also pressured the stock. We feel good about the brand Tesla has built and its ability to bring substantial innovation to its products. Tesla has received over 370,000 Model 3 reservations, representing close to $18 billion in backlog and the largest product launch in history. (Gilad Shany)
From Ron Baron (Trades, Portfolio)'s Barons Partners Fund third-quarter 2016 commentary.
