Read the story here. Advertise at Before It's News here.
Profile image
Story Views
Last hour:
Last 24 hours:

Tesla longtime bull Ron Baron sees TSLA’s path to $2 trillion market cap

% of readers think this story is Fact. Add your two cents.

Tesla (NASDAQ: TSLA) bull Ron Baron laid out how the electric automaker can reach a massive $2 trillion market cap earlier this morning on an episode of CNBC’s Squawk Box.

Baron, a notable Tesla long, holds over $1.5 billion in TSLA stock and believes the automaker has the potential to reach massive market capitalization levels within the next few decades.

Baron and his firm, Baron Capital, have watched Tesla grow ten-fold since they first invested in the automaker years ago. Since then, Tesla has gone from a small and unsuspecting car company, to a massive example of manufacturing, innovation, and efficiency. For Baron, the sky truly is the limit.

“I’ve said for a long time that it is going to be $1 to $2 trillion. With what developments have taken place recently, I think $2 trillion is the right number,” Baron said.

Baron is likely talking about the company’s recently-held Battery Day event, which took place on September 22nd. Tesla released its plans for a new, in-house 4680 battery that has exponentially more potential than its past 2170 cells that have been used in the Model 3 and Model Y.

Tesla’s stock price, however, is not what concerns Baron. He noted during the interview that the company grew in size without the stock price deviating much from its price points for a few years. However, the technology and software developments that Tesla has released through its self-driving infrastructure, along with its increase in production and deliveries, have caused the price per share to skyrocket over five-fold so far in 2020.

Tesla investor Ron Baron has $1.5B in TSLA stock, and that’s not enough for him

With the recent developments in the company’s products, Baron is confident that sales can go from $35 billion and grow 50% a year over the next ten years. This could lead to over $750 million in automotive sales. But, that is not even considering the fact that Tesla is manfacturing its own battery cells, and plans to grow that production significantly over the next few years.

“The batteries is another unbelievable business, which I’m very excited about” Baron said. “With that kind of valuation, you’re going to see five-times appreciation over the next ten years.”

At the time of writing, TSLA stock was trading at $454.85, up 1.85%.

Disclaimer: Joey Klender is a TSLA Shareholder.

The post Tesla longtime bull Ron Baron sees TSLA’s path to $2 trillion market cap appeared first on TESLARATI.


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.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 888-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.