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U.S. growth fund managers still bullish on Tesla after shares tumble

Reuters  |  NEW YORK 

By David RandallNEW YORK (Reuters) - Growth fund managers who have long held shares in Tesla Inc said they were still confident in the electric car maker even after production problems sent the stock diving more than 15 percent from its all-time high.Fund managers from Janus Henderson, Baron, and Tanaka said they still believed in Tesla, whose pricey valuation and 51 percent gain for the year to date have made it a target of noted short-sellers such as Greenlight Capital's David Einhorn and Kynikos Associates' Jim Chanos. The stock tumbled from its record high of $386.99 after the company ...

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First Published: Fri, July 14 2017. 12:14 IST