Baron isn’t done betting on Tesla CEO Elon Musk, even as he dives headfirst into his new Twitter venture. “We have made a lot of money with him,” Baron said, adding that Tesla makes up 40% of his Baron’s Partners fund because his cost is so low at about $13 per share.
“I think in 2025 it [Tesla stock] will be $500 to $600. And in eight to ten years we ought to be somewhere around $4.5 trillion,” Baron said.
Baron agrees with Musk’s recent comments that Tesla could grow to be bigger than Apple and Saudi Aramco combined, which implies a valuation of more than $4 trillion.
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