Tesla, Inc. (TSLA, Financial) designs, manufactures, and sells fully electric vehicles, solar products, and energy storage solutions. Shares increased as the company reported robust quarterly results due to strong short-term execution and improving long-term growth and sustainability. Despite global COVID-19 disruptions, long-term expectations remain high due to Tesla’s differentiated products and healthy unit economics. We believe Tesla’s China factory project will provide an important growth layer in both the short and long term, and the newly released Model Y will support a fast recovery.
From Ron Baron (Trades, Portfolio)'s Baron Partners Fund first-quarter 2020 shareholder commentary.
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