In Consumer Discretionary, Tesla (TSLA, Financial) continues to surge on a host of impressive financial results made possible by solid production, increased capacity, and strong execution. In our view, the company's technology, scale, and low-cost advantage make it not only the breakaway leader in the electric-vehicle market but also position it to disrupt the overall automotive industry.
From Spiros Segalas (Trades, Portfolio)' Harbor Capital Appreciation Fund 2020 annual report.
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