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Tesla bull Ron Baron says Elon Musk’s stake in Twitter is meaningless

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Ron Baron, the CEO of Baron Capital and one of Tesla’s largest shareholders, said that Elon Musk’s 9.2% stake in Twitter, and his accompanying board seat, is not significant.

“I think it’s meaningless,” he told CNBC’s “Squawk Box” Thursday. “It’s a tiny investment. $3 billion for a man who is worth $300 billion. He has Tesla which is worth a trillion (and) on the way to being worth $3 or $4 trillion.”

Baron, who has been a Tesla investor since 2014, added: “There’s no way this could be anything meaningful to him.”

Baron said his firm decided not to invest in Jack Dorsey’s social media company when it found out Musk was backing the company and taking a seat on the board. Indeed, most…



Source cnbc.com

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