The shares of electric-vehicle pioneer Tesla Motors, Inc. (NASDAQ:TSLA) grew in the fourth quarter after its shareholders approved the SolarCity merger, aligning the company with management’s long-term vision. Tesla also started to enjoy the benefits of its multi-year investment in the Gigafactory as it becomes operational and provides a competitive advantage in scale and battery prices. We believe that Tesla, as an important U.S.-based auto manufacturer, can potentially benefit from a pro-“U.S. jobs” administration. (Gilad Shany/ Ishay Levin)
From Baron Funds' Baron Opportunity Fund fourth quarter 2016 commentary.
