What smart money is saying about Tesla, Inc.
18 funds in our archive have pitched Tesla, Inc. — most recently Edgewood Large Cap Growth Composite in June 2026.
Tesla, Inc. operates globally, specializing in the creation, production, and distribution of electric vehicles, alongside comprehensive energy generation and storage solutions. Its market reach extends across the United States, China, and various other international regions. The company's operations are primarily divided into two main segments: its Automotive business and its Energy Generation and Storage division. Within its Automotive division, Tesla not only provides a range of electric cars but also generates revenue from selling automotive regulatory credits. This segment further encompasses a variety of post-sale services, including non-warranty vehicle support, sales of pre-owned vehicles, various retail products, and car insurance offerings. Customers can acquire Tesla's sedans and sport utility vehicles through direct sales, purchases of used vehicles, or via in-app upgrades often facilitated by the extensive Tesla Supercharger network. The company supports these acquisitions with financing and leasing options. Furthermore, it ensures vehicle upkeep through its proprietary service centers and a fleet of mobile technicians, complemented by both standard and extended vehicle warranty programs. The Energy Generation and Storage segment focuses on the development, manufacturing, setup, sale, and rental of solar power systems and energy storage products, along with associated services. This caters to a diverse clientele, spanning residential users, commercial enterprises, industrial entities, and public utilities. Distribution channels include Tesla's online platform, physical stores, galleries, and a network of collaborative partners. The company also offers servicing and repairs for its energy products, including warranty support, and provides multiple financing avenues for those investing in its solar solutions. Founded in 2003, the corporation was initially named Tesla Motors, Inc., before officially rebranding to Tesla, Inc. in February 2017. Its corporate headquarters are situated in Austin, Texas.
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Position history
Between Q4 2024 and Q2 2026, 14 fund letters reported a position in Tesla, Inc. — 3 opened or added to the position, 4 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 13 | 3 | 4 | 5 |
| Q1 2026 | 1 | 0 | 0 | 3 |
| Q4 2025 | 0 | 0 | 0 | 3 |
| Q3 2025 | 0 | 0 | 0 | 3 |
| Q2 2025 | 0 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 2 |
| Q4 2024 | 0 | 0 | 0 | 1 |
Fund activity · 14 positions · 7 moves
- June 2026
“During the quarter we added to several existing positions in addition to Alphabet: Arista Networks, a leading maker of high-speed switches enabling high-speed data transfer within server racks; Blackstone, an alternative asset manager; and Tesla, an EV and battery storage manufacturer.”
Tesla, Inc. - New positionEdgewood Large Cap Growth CompositeJune 2026
“During the quarter we initiated new positions in Linde, Tesla, Amazon, and Reddit, extending our Physical AI investment theme.”
Tesla, Inc. - June 2026
“We have held SpaceX in the US Growth Investment Trust since 2018 and Tesla in this portfolio for more than a decade. That experience has taught us to expect a bumpy journey, but one with the potential to deliver outlier returns. For most clients, we initiated a small position in SpaceX this quarter at IPO, funded mainly by reducing Tesla to manage aggregate exposure to Elon Musk-led companies.”
Tesla, Inc. - June 2026
Listed in Royal London AM Global Equity Enhanced Fund’s reported holdings.
Tesla, Inc. - HoldsBaron Partners FundJune 2026
“A Post-Quarter Update The prices of Tesla, Inc. and Space Exploration Technologies Corp. , the Fund's two largest holdings, have declined since June 30.”
Tesla, Inc. - June 2026
Listed in Baron Focused Growth Fund’s reported holdings.
Tesla, Inc. - HoldsBaron Partners FundJune 2026
“The prices of Tesla, Inc. and Space Exploration Technologies Corp. , the Fund's two largest holdings, have declined since June 30.”
Tesla, Inc. - June 2026
Listed in Baron Opportunity Strategy’s reported holdings.
Tesla, Inc. - June 2026
“Recent Activity During the second quarter, we initiated five new positions: the leading search and AI company, Alphabet, one of the leading memory providers, Samsung Electronics, a fast-inferencing AI chip provider, Cerebras, a supplier of critical parts used in aerospace engines and industrial gas turbines, DPC Holdings, and an engine provider for power generation, INNIO. We also took advantage of stock price volatility and significant inflows into the Fund to add to many existing positions including Shopify, Nu, NVIDIA, Amazon, GDS, ASML, TSMC, MercadoLibre, Tesla, ServiceTitan, and others.”
Tesla, Inc. - June 2026
Listed in Baron First Principles ETF’s reported holdings.
Tesla, Inc. - TrimmedNightview Capital NITE ETFJune 2026
“Finally, the trims. We cut our AMD position by roughly half after a powerful run left it a much larger dollar position than the share count suggested. We lightened Axon , Goldman , Morgan Stanley , and Brookfield Renewable , and we made small adjustments to Nvidia , Tesla , and Amazon , which remain among our largest holdings.”
Tesla, Inc. - June 2026
“Alongside the memory and interconnect reductions above, we exited Ciena, Ultra Clean, KLA, Kokusai Electric, Arista Networks, Fabrinet and Vertiv, several having closed the gaps we originally underwrote, and released further capital from Tesla, Shopify, Mercadolibre and Robinhood to concentrate the Fund on the technology stack itself; the ServiceNow exit completed in April.”
Tesla, Inc. - June 2026
“Alongside the memory and interconnect reductions above, we exited Ciena, Ultra Clean, KLA, Kokusai Electric, Arista Networks, Fabrinet and Vertiv, several having closed the gaps we originally underwrote, and released further capital from Tesla, Shopify, Mercadolibre and Robinhood to concentrate the Fund on the technology stack itself; the ServiceNow exit completed in April.”
Tesla, Inc. - March 2026
Listed in Buffalo Blue Chip Growth Fund’s reported holdings.
Tesla, Inc.
Also mentioned · 11
These funds discuss Tesla, Inc. — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedHarding Loevner Global EquityAugust 2026
Named in a table in Harding Loevner Global Equity’s letter.
Tesla, Inc. - August 2026
Named in a table in Harding Loevner Global Developed Markets Equity’s letter.
Tesla, Inc. - MentionedBronte Capital Amalthea FundJuly 2026
Named in a table in Bronte Capital Amalthea Fund’s letter.
Tesla, Inc. - June 2026
“ASML has benefited from a related but distinct dynamic. For some time, leading edge EUV tools looked like a two-buyer market: only TSMC and Samsung could afford to purchase at the scale required. Improving fundamentals across both logic and memory now mean Micron, SK Hynix, Intel, Tesla and others can all afford to pay up for the tools they need to stay competitive.”
Tesla, Inc. - June 2026
“However, its recent acquisition of US-based Fictiv may increase that exposure over time. Amazon Robotics, Boston Dynamics, and Tesla are among companies building humanoid robots that have turned to Fictiv to source custom parts.”
Tesla, Inc. - MentionedBaron SMID Cap ETFJune 2026
“There are numerous reports of so-called “tokenmaxxing” being curtailed by companies such as Tesla, Meta, Accenture, and Walmart.”
Tesla, Inc. - MentionedHorizon Kinetics Market CommentaryJune 2026
“They were first joined by entrepreneurial and technically knowledgeable institutions like MicroStrategy and Tesla, which recognized bitcoin’s potential as a hedge against fiat currency debasement.”
Tesla, Inc. - MentionedBronte Capital Amalthea FundJune 2026
“State of the market For years we have lived in a market dominated by “the Magnificent Seven”: Google, Apple, Amazon, Facebook/Meta, Microsoft, Nvidia and Tesla.”
Tesla, Inc. - MentionedBaron SMID Cap StrategyJune 2026
“The rotation into perceived “AI winners” from the first quarter continued. These include companies that supply chips, power generation equipment, electrical and air conditioning equipment, engineering services and infrastructure, and financing geared toward AI data center construction. The PHLX Semiconductor Sector Index (known as the “SOX”) had its best quarter ever! While there is no doubt that AI is revolutionary, we believe that the indiscriminate momentum driving the price performance in the AI Annualized performance (%) for period ended June 30, 2026 (figures in USD)1 Strategy (net)2 Strategy (gross)2 Russell 2500 Growth Index2 Russell 3000 Index2 QTD3 15.62 15.84 24.02 15.44 YTD3 3.41 3.80 19.66 10.88 1 Year 6.11 6.51 32.94 22.82 Since Inception (12/31/2024)4 7.70 7.96 20.33 19.04 For Strategy reporting purposes, the Firm is defined as all accounts managed by Baron Capital Management, Inc. ("BCM") and BAMCO, Inc. ("BAMCO"), registered investment advisers wholly owned by Baron Capital Group, Inc. As of 6/30/2026, total Firm assets under management were approximately $69.7 billion.* The Strategy is a time-weighted, total return composite of all small- and mid-cap accounts managed on a fully discretionary basis using our standard investment process. Since 2010, accounts in the Strategy are market-value weighted and are included on the first day of the month following one full month under management. Prior to 2010, accounts were included on the first day of the quarter after one full quarter under management. Gross performance figures do not reflect the deduction of investment advisory fees and any other expenses incurred in the management of the investment advisory account. Actual client returns will be reduced by the advisory fees and any other expenses incurred in the management of the investment advisory account. A full description of investment advisory fees is supplied in the Firm's Form ADV Part 2A. Valuations and returns are computed and stated in U.S. dollars. Performance figures reflect the reinvestment of dividends and other earnings. Baron SMID Cap Strategy is currently composed of one ETF managed by BAMCO. * Includes client and proprietary accounts. BAMCO and BCM claim compliance with the Global Investment Performance Standards (GIPS®). To receive a complete list and description of the Firm’s strategies or a GIPS Report please contact us at 1-800-99-BARON. GIPS® is a registered trademark owned by CFA Institute. CFA Institute does not endorse, promote or warrant the accuracy or quality of the report. The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. QUARTERLY LETTER | JUNE 30, 2026 Baron SMID Cap Strategy Calendar year performance (%) (figures in USD) Strategy (net)2 Strategy (gross)2 Russell 2500 Growth Index2 Russell 3000 Index2 2025 8.08 8.08 10.31 17.15 Randy Gwirtzman Laird Bieger Portfolio Manager Portfolio Manager 2 FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR USE WITH THE PUBLIC.SMALL/MID CAP winners bucket has a number of headwinds that by the end of the second quarter were beginning to show. These include: 1. Concerns regarding the pushback on unbridled usage of AI tokens (which measure the amount of work and thereby cost of usage) by customers of large language models (LLMs) including OpenAI and Anthropic. There are numerous reports of so-called “tokenmaxxing” being curtailed by companies such as Tesla, Meta, Accenture, and Walmart.”
Tesla, Inc. - MentionedGreenfield Seitz Capital ManagementJune 2026
“Magnificent 7 Underperforms We warned about the tech darlings swelling AI spending in our January letter, noting they were once asset light companies that are beginning to look more like industrials with heavy capex spending on semiconductors. The Magnificent 7 (Alphabet/Google, Amazon, Apple, Meta/Facebook, Microsoft, Nvidia, and Tesla) stocks are flat for 1H26, while the market is up 10%.”
Tesla, Inc. - MentionedYackman AM AMG Yacktman FundMarch 2026
“Samsung has achieved prominent design wins in its foundry business as well—most notably with Tesla, Inc., Qualcomm, and Nvidia.”
Tesla, Inc.
Fund coverage · 18 theses
- Edgewood Large Cap Growth CompositeJune 2026
Tesla, Inc. is held as part of the Physical AI theme, with AI expected to expand into transportation and other physical-world markets.
Read the full thesis - Matthew 25 FundJune 2026
Tesla, Inc. is highlighted as a beneficiary of AI data centers, robotaxis, electric vehicles, full self-driving, and robotics, and is described as attractively priced relative to growth and future value.
Read the full thesis - Baron Partners FundJune 2026
Tesla, Inc. is an electric vehicle and energy company with a growing autonomy, robotaxi, and physical AI platform that supports its long-term positioning.
Read the full thesis - Baron Partners FundJune 2026
Tesla, Inc. is an electric vehicle, energy storage, and AI company whose autonomy progress, robotaxi ambitions, and vertically integrated cost advantages underpin a long-term growth thesis.
Read the full thesis - Baron First Principles ETFJune 2026
Tesla, Inc. is an EV and energy company whose autonomous driving, robotaxi, and physical AI initiatives support a large long-term growth opportunity.
Read the full thesis - Nightview CapitalMarch 2026
Tesla is viewed as an AI and robotics company with significant option value in energy, autonomous driving, and robotics beyond autos, underpinning a long-term holding.
Read the full thesis - Baron Technology ETFMarch 2026
Tesla, Inc. is investing aggressively in AI, autonomy, and manufacturing to strengthen its long-term position across EVs, energy storage, and potential robotaxi/robot platforms.
Read the full thesis - Vision Capital FundMarch 2026
Tesla is a vertically integrated EV, energy storage, autonomy, and robotics platform with strong network effects, secular tailwinds, and optionality in physical AI.
Read the full thesis - Nightview CapitalDecember 2025
Tesla, Inc. exemplifies the shift to real-world physical AI with a structural data advantage in FSD that supports a long-term software and autonomy profit opportunity.
Read the full thesis - Tsai CapitalDecember 2025
Tesla is an AI-driven EV leader leveraging scale and cost advantages to expand share while unlocking high-margin autonomy and robotics revenues.
Read the full thesis - Rowan StreetDecember 2025
Tesla is a founder-led, engineering-driven company with exceptional competitive advantages and a long-term culture, offering a contrarian entry to compound intrinsic value over time.
Read the full thesis - Baron Focused Growth FundSeptember 2025
Tesla is well positioned for growth due to its expanding energy storage business, strong demand for its refreshed vehicle models, and significant investments in AI and technology.
Read the full thesis - Gabelli FundsSeptember 2025
Tesla, Inc. is a leading electric vehicle manufacturer and industrial battery energy storage supplier, leveraging manufacturing superiority and advanced AI-driven autonomous driving technology to unlock growth opportunities beyond its core automotive business.
Read the full thesis - Loomis Sayles Growth FundSeptember 2025
Tesla is well-positioned for long-term growth due to increasing electric vehicle adoption, advances in autonomous driving technology, and strong profit potential from high-margin software offerings.
Read the full thesis - Baron Focused Growth FundJune 2025
Tesla is well positioned for further growth due to its expanding energy storage business, strong demand for refreshed models, significant AI investments, and a robust balance sheet.
Read the full thesis - Loomis Sayles International Growth FundMarch 2025
Tesla is positioned for significant long-term growth due to the increasing penetration of electric vehicles globally, its leadership in battery EV sales, advancements in autonomous driving technology, and software profitability, suggesting that its shares are currently undervalued.
Read the full thesis - Tamim Global Tech and InnovationMarch 2025
Tesla is a leading innovator in electric vehicles and automation, poised to dominate the next phases of the AI cycle through its vertical integration, advanced manufacturing, and commitment to autonomous driving technology.
Read the full thesis - Nightview capitalDecember 2024
Tesla is positioned for significant long-term growth, leveraging its leadership in autonomous driving, energy storage, and electric vehicles while competitors scale back their efforts.
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