Tesla (TSLA) Fell Due to Softness in its Core Automotive Segment

Baron Funds, an investment management company, released its “Baron Partners Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. The fund trailed both its benchmarks and lost 7.17% (Institutional Shares) in the third quarter. The Russell Midcap Growth Index (the Index) and the S&P 500 Index declined 5.22% and 3.27% respectively, during the same period. The fund appreciated 32.36% year-to-date compared to 9.88% and 13.07%, respectively for the indexes. In...