Ron Baron Ups Tesla Motors Inc Stake; Says Valuation Justified

Investor Ron Baron has increased his stake in Tesla Motors Inc (NASDAQ:TSLA) and like’s what he sees in the electronic automotive manufacturer.   “We view Tesla as a ‘once in a lifetime’ disruptor to the car industry and believe this justifies its premium valuation,” the investor letter, reviewed by ValueWalk, said. Ron Baron’s confidence level improved in Tesla Motors Inc (NASDAQ:TSLA) During the past quarter Ron Baron’s level confidence improved in Tesla Motors Inc (NASDAQ:TSLA)’s “superior engineering and design, which we believe will lead to mass market appeal,” he said in an investor letter reviewed by ValueWalk. While Tesla reported what…