"Tesla (TSLA) Stock Drops as Q3 Results Disappoint Investors"

Fred Alger Management's "Alger Spectra Fund" outperformed the Russell 3000 Growth Index in Q4 2023, with Tesla, Inc. (NASDAQ:TSLA) being one of its featured stocks. Despite Tesla's weaker-than-expected Q3 earnings due to factory downtime and production ramp-up, the company remains confident in its full self-driving capabilities. With 82 hedge fund portfolios holding Tesla at the end of Q4, the stock closed at $202.64 per share on March 1, 2024, showing a 11.92% one-month return.