Autos

Tesla TSLA Ron Baron CNBC Squawk Box

0


Investor Ron Baron has been one of Tesla‘s largest shareholders for years, and he has no plans to change that.

Baron told CNBC on Thursday that he thinks the electric vehicle giant’s high-flying stock has much more room to run – and that he plans to continue holding the company’s stock for at least eight more years.

“I think we’re going to make three, four, five times our money on Tesla from here,” Baron said on CNBC’s “Squawk Box.” “I think for Tesla this is the very beginning of what they’re doing.”

Baron’s namesake firm, Baron Capital, invested about $380 million in Tesla between 2014 and 2016 at an average price of just over $50 per share . It now has about 12.8% of its total assets…



Source cnbc.com

0 0 votes
Article Rating

Britain eyes nuclear, wind, fossil fuels in bid for energy security

Previous article

As inflation bites, higher-income consumers are cutting back, too

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos