Musk Bets Backfire as SpaceX and Tesla Slide Hit Funds

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Source: Barron's
Musk Bets Backfire as SpaceX and Tesla Slide Hit Funds
Photo: Barron's
TL;DR Summary

SpaceX and Tesla have fallen sharply since June 16, dragging down Elon Musk–backed funds: Ron Baron’s Baron Partners Fund and Baron Focused Growth Fund are down about 16% and 12%, while ARK Invest’s ARK Innovation Fund has dropped around 11%, illustrating how concentrated bets on Musk’s ventures are weighing on performance.

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