Legendary investor Ron Baron sees Tesla potentially hitting $5 trillion in 10 years
Longtime Tesla (NASDAQ:TSLA) shareholder and billionaire investor Ron Baron of Baron Capital recently weighed in on Tesla and Elon Musk’s potential in the coming years of the Trump administration. As per the legendary investor, Tesla could hit a market cap of about $5 trillion in 10 years.
During an interview with CNBC’s Squawk Box, Baron noted that Tesla already comprises about 10% of Baron Capital’s assets, while SpaceX comprises about 5%. The investor noted that he is optimistic about Tesla’s future, though Musk is arguably more optimistic.
“Tesla, I think, is going to be worth $3 or $4 trillion — $5 trillion in 10 years, based upon the business plan that I am aware of. Then Elon believes that longer term it’s going to be worth $30 trillion,” Baron said.
Ron Baron drops insights on $TSLA at the 31st Annual Baron Investment Conference:
“Tesla is a $5 trillion company in 10 years without Optimus, just the current business plan.”
“Elon thinks Tesla could hit $30 trillion long-term.”
“Elon Musk will bring the efficiency of… pic.twitter.com/9mJ72ANAhn
— Herbert Ong (@herbertong) November 15, 2024
While such statements might seem overly optimistic just a few months ago, TSLA stock has been maintaining some momentum since its third quarter earnings call. Tesla stock practically woke up from its slumber after the company exceeded expectations in its Q3 earnings, and it has only become stronger with the election of Donald Trump.
This November alone, TSLA stock has surged about 25% during the electric vehicle maker’s post-election rally. Tesla currently has a market cap of $1.02 trillion as of writing. Despite TSLA’s recent rise, as well as the fact that his holdings have significantly grown over the years, Baron noted that he is still determined to keep his Tesla shares long term.
“No way I’m going to sell shares. If they get too big, I will have to trim a little bit, but no, I have no intention,” Baron noted.
Watch Ron Baron’s interview with CNBC in the video below.
Don’t hesitate to contact us with news tips. Just send a message to [email protected] to give us a heads up.
The post Legendary investor Ron Baron sees Tesla potentially hitting $5 trillion in 10 years appeared first on TESLARATI.
Source: https://www.teslarati.com/ron-baron-tesla-tsla-hitting-5-trillion-10-years/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Online: | |
| Visits: | 1,657,667,989 |
| Stories: | 8,296,975 |
Whistler Blowers, Insiders
