Billionaire Investor Ron Barron states Tesla could soar 570% over the next decade to a $4.5 Trillion Valuation
Billionaire investor Ron Baron of Baron Capital remains bullish on Tesla, despite the stock falling more than 50% this year. In a recent interview, Baron told CNBC that he expects Tesla to deliver outsized gains, eventually leading them toward a $4.5 Trillion valuation. Tesla's stock will have to reach a price of $1350 to reach that kind of level. Or rise by more than 570-600% Baron has been a bull on Tesla ever since his fund started buying Tesla shares back in 2014 and his personal holdings and his company' add up to a massive $4 Billion holding in Tesla. In addition to that, Baron mentioned that he thinks Tesla stock will be around $500- $600, and in eight to ten years, "it ought to be somewhere around $4.5 Trillion". The math behind Baron's bullish valuation target is solely predicted by Tesla's ability to scale its business over the next decade. Selling about 20 million cars per year. Tesla is on track to sell just over 1 million vehicles in 2022. "I...