Ron Baron, the billionaire investor who has long been bullish on Tesla, said he believes the electric car company could be worth $5 trillion within a decade, and Chief Executive Elon Musk’s long-term goal Even higher. “I think Tesla will be worth $3 (trillion) or $4 trillion, $5 trillion, in 10 years based on the business plan that I understand. And then Elon thinks that in the long run, it’s It’s going to be worth $30 trillion,” Barron said Friday on CNBC’s “Squawk Box.” According to FactSet data, as of Thursday’s close, Nvidia’s market capitalization was US$3.65 trillion, making it the largest market capitalization in the United States, surpassing Apple and Microsoft. Tesla closed Thursday with a market value of $1.12 trillion. Barron first invested $400 million in Tesla between 2014 and 2016 and said his early investments have netted him $6 billion as the electric car company gained mainstream recognition. Tesla accounts for 10% of Barron’s entire portfolio across various funds. TSLA ALL mountain Tesla Tesla is seen as a big beneficiary of the Trump administration’s promised policies, as Musk has been a major supporter and donor of the president-elect this year. Musk was recently tapped by Trump to head up the so-called Department of Government Effectiveness alongside former Republican presidential candidate Vivek Ramaswamy. During the post-election rally in November, Tesla’s stock price surged about 25%, bringing its market value back to $1 trillion. Barron said he will hold Tesla stock in the long term. “I’m definitely not selling stocks. If they get too big, I’m going to have to cut back a little bit, but no, I have no intention” of exiting, he said. The chairman of Baron Capital also expressed optimism about Tesla based on the prospects of the Optimus humanoid robot currently under development. Last month, at the “We, the Robots” event, Musk said Tesla was making progress on Optimus, which would eventually cost between $20,000 and $30,000, adding that it would “become a teacher, Take care of your kids, walk your dog, mow your lawn, go get groceries… you name it, these robots… he thought were going to be the biggest he’d ever had. business,” Barron said. “He said everyone would have a robot.”
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