Letters by company
Tesla, Inc.
28 letters discussing TSLA. Everything written about it on this site is on its ticker page.
- Baron Funds Letter from Ron Ron Baron argues that exceptional long-term outcomes require accepting risk behind visionary management. He defends MSCI’s investment in private-market data, recounts Baron Capital’s Tesla conviction, and calls SpaceX its most compelling holding because of its launch, connectivity, and AI opportunities. JUNE 30, 2026 SPCX $2.1TTSLA $1.5TMSCI $41B
- Rowan Street Capital Rowan Street 2025 Year-End Letter Rowan Street retained its long-held Meta Platforms stake and argues that durable businesses merit concentration when management and economics remain strong. It maintained patience with Shopify, let The Trade Desk shrink without averaging down as conviction moderated, and initiated Tesla amid pessimistic sentiment. 2025 META $1.8TSHOP $212BTSLA $1.5T
- North Sky Capital Rocketing Into Summer North Sky Capital links a revival in climate-tech IPOs and secondary-market liquidity to improved exit prospects, while cautioning that macroeconomic, policy and geopolitical risks may extend holding periods. It argues that battery advances, EV charging, storage assets and semiconductor and data-center construction support an infrastructure supercycle. 2nd Quarter 2026 TSLA $1.5T
- CrossingBridge Advisors Q2 2026 Commentary - To Infinity and Beyond CrossingBridge argues that AI infrastructure resembles earlier innovation booms where real technological progress coexisted with overbuilding and poor investor outcomes. The firm favored Polar DC, Oracle, Warner Bros. Discovery, Spirit Airlines and 888 Acquisitions credit, while increasing investment-grade exposure, reducing high yield and preserving liquidity. Q2 2026 ORCL $439BTSLA $1.5TWBD $78B
- North Sky Capital 4th Quarter 2025 Solar Coaster North Sky Capital navigated policy disruption and volatile solar-equipment markets by pursuing exits, recycling proceeds into Orenda and Paddle, and advancing new EV-charging and community-solar investments. The firm expects improving M&A conditions and sustained demand for impact secondaries to support liquidity, while electricity demand strengthens the case for solar, storage and renewable fuels. 4th Quarter 2025 TSLA $1.5T
- EdgePoint Wealth Management Dare to be different – 3rd quarter, 2025 EdgePoint Global Portfolio argues that crowded exposure to the largest technology companies and A.I. infrastructure risks repeating earlier technology booms. It favors concentrated positions in smaller, less-indexed businesses, arguing that active share and entry price matter more than mimicking benchmark leaders. 3rd quarter, 2025 AAPL $4.9TAMZN $2.7TF $48B
- Vision Capital Fund Vision Capital Fund - Q2 2025 Quarterly Letter Vision Capital Fund added to eleven existing holdings, including JD.com, Lululemon, Meituan, MercadoLibre, Meta, Nu, NVIDIA, Shopify, Spotify, TSMC and The Trade Desk, while maintaining zero turnover. The fund argues that food-delivery subsidy competition has created a longer-term opportunity in Meituan and JD.com, and favors compounders that extend successful products into adjacent services and geographies. Q2 2025 3690 $55B9618 $38BAMZN $2.7T
- Horizon Kinetics 2nd Quarter Commentary Horizon Kinetics argues that index construction concentrates exposure in highly valued technology companies while excluding scarce hard-asset, utility and entrepreneurial opportunities. It favors Japanese owner-operators, centered on Japan Elevator Service Holdings, whose founder-led maintenance model uses technology, training and below-incumbent pricing to gain share from established manufacturers. 2nd Quarter 2025 JPEVF $1.7BAB $3.3BAMZN $2.7T
- EdgePoint Wealth Management Clones – 3rd quarter, 2024 EdgePoint Global Portfolio argues that global equity funds have crowded into the same mega-cap technology holdings, creating closet-indexing and valuation risk. It favours mid-cap blend businesses, where it sees lower entry valuations and greater room for corporate growth than among the market’s largest companies. 3rd quarter, 2024 AAPL $4.9TAMZN $2.7TAVGO $1.8T
- Lansing Street Advisors Q4 2023 Letter – America America argues that U.S. economic and capital-market dominance rests on free markets, innovation, entrepreneurial risk-taking and comparatively strong household balance sheets. It warns that crowded enthusiasm for large-cap technology and AI may reverse, then sets out contrarian scenarios spanning rates, recession, real estate, Bitcoin, oil and international equities. Q4 2023 TSLA $1.5T
- Lansing Street Advisors Q3 2023 Letter – Seven by Dave Matthews Lansing Street Advisors argues that S&P 500 leadership has become concentrated in a small group of technology stocks, leaving many investors overexposed to Apple and Tesla. It sees depressed bond valuations and higher coupons improving fixed income's appeal, while judging the broader equity market less stretched once technology is excluded. Q3 2023 AAPL $4.9TTSLA $1.5T
- Andrew Hill Investment Advisors Investment Wrap Up of 2022 & Outlook for 2023 Andrew Hill Investment Advisors reduced technology and long-duration bond exposure during the selloff, then began selectively adding stocks and longer-term high-grade bonds. The firm favors Treasury bills for near-term cash needs and municipal bonds for taxable accounts, while arguing that Federal Reserve tightening risks an unnecessary recession. It sold Tesla over governance concerns and added Merck for its defensive balance sheet and Keytruda-led growth. 2022 TSLA $1.5T
- Andrew Hill Investment Advisors Hurricane Ian Edition of the Client Letter/4Q2022 Andrew Hill Investment Advisors cut equity exposure, added an S&P 500 short position and kept bond maturities short with high credit quality as the Federal Reserve raised rates. The firm favored energy-transition holdings and rebuilding beneficiaries, while waiting for bond yields and earnings expectations to stabilize before extending duration or taking more equity risk. Q3 2022 NEE $162BTSLA $1.5T
- Andrew Hill Investment Advisors The Client Letter: Pivoting Investment Strategy Andrew Hill Investment Advisors expects pandemic-driven supply constraints to ease while labor and housing shortages keep longer-term inflation elevated. The firm harvested gains in speculative growth holdings, shifted from Nvidia to Apple, and favors recurring-revenue growth companies, renewable energy, financials and healthcare as Federal Reserve policy tightens. Year to Date (as of December 15, 2021) AAPL $4.9TABBNY $171BABBV $470B
- Bireme Capital 4Q21 Quarterly Report Bireme Capital argues that inflation and eventual monetary tightening will end the speculative equity boom and favor value-conscious investors. The portfolio added a long position in Tencent Music while shorting Affirm, EV charging companies and speculative EV names, and it sees Bollore's African-operations bid as validating a much higher sum-of-the-parts value. 4Q21 TME $13BAFRM $25BARKK
- Nightview Capital Q2 2026 Investor Letter Nightview Capital added to Salesforce and ServiceNow, initiated Atlassian, and held Autodesk steady on the view that systems of record, switching costs, distribution and AI integration protect strong software franchises. It exited Meta, Intuitive Surgical, Shopify and EchoStar, added gaming and hospitality exposure, and rotated financials toward BlackRock and Charles Schwab. Q2 2026 ADSK $46BCRM $183BLVS $24B
- Frank Capital Partners Frank Value Fund Q1 2026 Letter to Shareholders Frank Value Fund argues that Microsoft’s capital intensity has eroded the quality of its future cash flow and favors cheaper healthcare opportunities with AI-driven growth potential. The fund criticizes proposed fast-track index inclusion for SpaceX, arguing that passive investors may be forced to absorb an inflated IPO valuation. Q1 2026 MSFT $3.9T
- Biglari Holdings 2025* Biglari Holdings deployed Steak n Shake’s $225 million borrowing as parent-company liquidity while keeping the proceeds in Treasury bills pending acquisitions. It built its Ferrari position, pushed Steak n Shake toward owner-operated franchise units and premium ingredients, and identified insurance acquisitions and reinsurance as the group’s principal growth engine. 2025 RACE $68B
- Muhlenkamp & Company Quarterly Letter, April 2025 Muhlenkamp & Company argues that shifting tariff policy is disrupting business planning, weakening sentiment and raising recession risks, while a trade-war depression remains unlikely. The firm is reassessing investments for regulatory threats and opportunities after EPA and FCC reviews, and has sold one holding in that process. first quarter of 2025 —
- Vision Capital Fund Vision Capital Fund - Q1 2025 Quarterly Letter Vision Capital Fund added to The Trade Desk after its earnings miss and platform rollout problems drove steep pessimism, judging CEO Jeff Green capable of repairing the product and sales execution. The portfolio remains concentrated in platform businesses such as Amazon, Shopify, TSMC and JD.com, whose proprietary infrastructure and ecosystem effects are seen as durable advantages despite tariff risks. Q1 2025 0LF5 453950 AMZN $2.7T
- Troy Asset Management Investment Report No.83 Troy Multi-Asset Strategy retained modest equity exposure and avoided semiconductor stocks despite the AI-led market rally, favouring Microsoft and Alphabet for their cloud infrastructure and distribution. It kept significant inflation-linked bond and gold exposure while warning that concentrated US equity leadership, elevated valuations and higher bond yields leave little room for disappointment. 2024 GOOGL $4.2TMSFT $3.9T
- Patient Capital Management Quarterly Market Review 2024 U.S. equities were led by the Magnificent Seven as earnings growth and multiple expansion drove repeated record highs. Patient Capital Management describes easing inflation, resilient consumer spending and Federal Reserve rate cuts, while noting that long-term yields rose and investor sentiment ended the year near neutral. Q4 2024 —
- Horizon Kinetics 2nd Quarter Commentary Horizon Kinetics argues that passive indexation has concentrated equity exposure in a handful of large technology companies as the disinflationary forces behind decades of margin expansion fade. It favors hard-asset exposure in the Permian Basin, particularly LandBridge, as AI-driven electricity and water needs raise the value of gas, land and infrastructure. 2nd Quarter 2024 LB $6.6BTPL $24B
- Bireme Capital December 2023 Investor Letter Bireme Capital sold Netflix and substantially reduced Meta after their discounts to intrinsic value narrowed, while shorting Tesla, Apple, selected consumer-staples stocks, ARM Holdings and C3.ai on valuation concerns. It added British American Tobacco, citing its low valuation, established tobacco brands and expanding reduced-risk nicotine products. The firm argues that concentrated equity indices, persistent inflation and loose fiscal policy leave markets vulnerable. December 2023 BTI $120B0ADF AAPL $4.9T
- Troy Asset Management Investment Report No.77 July 2023 Troy’s multi-asset strategy favours short-dated government bonds, US TIPS and liquidity while waiting for zero-rate-era asset valuations to reset. It owns Microsoft and Alphabet at more reasonable valuations, avoids Nvidia and other expensive AI beneficiaries, and expects tighter monetary policy to expose recession risks. 6 months 2023 NVDA $5.8TCSCO $465BERIC $31B
- Lansing Street Advisors Stuck in the Middle with You Lansing Street Advisors argues that rapid Federal Reserve tightening has deflated speculative excesses while inflation pressures recede, leaving equity and balanced-portfolio valuations near historical midpoints. It favors dividends and bonds as sources of income and ballast, and expects a weaker dollar and mean reversion to support international equities and new market leadership. Q4 2022 —
- Andrew Hill Investment Advisors The Client Letter AHIA kept cash balances high, shortened fixed-income exposure and underweighted equities while beginning to add stocks and bonds, with Alphabet the largest addition. The firm favors technology, healthcare, renewable energy and banking holdings, and reduced Tesla to establish Enphase amid concerns over the Twitter distraction. second quarter of 2022 —
- Andrew Hill Investment Advisors The Client Letter Andrew Hill Investment Advisors maintained a defensive tilt through natural gas, healthcare, gold and short-duration fixed income while adding Tesla, Deere, Microsoft, Nvidia and Henry Schein. The firm reduced JPMorgan, Goldman Sachs and Nvidia, avoided most real estate and oil exposure, and argued that inflation, war-related supply shocks and tighter Federal Reserve policy would keep markets volatile. 1st Quarter 2022 AAPL $4.9TDE $179BMSFT $3.9T
