Tesla, Inc. (TSLA, Financial) designs, manufactures, and sells fully electric vehicles, solarproducts, 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.
From Ron Baron (Trades, Portfolio)'s Baron Partners Fund third-quarter 2021 letter.
