Published on 28 May 2024 on Insider Monkey via Yahoo Finance
Complex Macro Economic Environment Dragged Tesla, Inc. (TSLA) in Q1
Baron Funds, an investment management company, released its “Baron Fifth Avenue Growth Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund increased 12.6% (Institutional Shares) in the first quarter compared to an 11.4% gain for the Russell 1000 Growth Index and a 10.6% increase for the S&P 500 Index. Despite higher interest rates, the US economy continues to surpass expectations. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Baron Fifth Avenue Growth Fund highlighted stocks like Tesla, Inc. (NASDAQ:TSLA), in the first quarter 2024 investor letter. Tesla, Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems. The one-month return of Tesla, Inc. (NASDAQ:TSLA) was -7.63%, and its shares lost 7.21% of their value over the last 52 weeks. On May 24, 2024, Tesla, Inc. (NASDAQ:TSLA) stock closed at $179.24 per share with a market capitalization of $571.632 billion.