Billionaire Ron Baron is one of Tesla's most prominent bulls.
Nov. 1 that he sees a path for Tesla's market cap to hit $4 trillion, an increase of more than six times the stock's current value. By 2025, Baron said,Tesla CEO Elon Musk's mission of converting the world to electric vehicles would fail. After several years of research, however, he"became convinced" that Musk would be successful, investing a little less than $400 million in the company in 2014."We invested because I thought there was a big upside," he said.
This research involves understanding how a given business operates, what is special about that business and whether that unique factor can be replicated by other businesses. When it comes to Tesla, Baron is"convinced that people cannot do what they're doing."Tesla's highly-anticipated Cybertruck will begin making deliveries in November.
by 2027, an increase of roughly ten times the company's current value. Wood's uber-bullish projection has remained unchanged since April,"I have very high confidence in the long-term value of Tesla, I see it, I really see a path to a 10x, maybe call it a 5x increase in the value of the company," Musk said in July."Maybe a 10x. Where things go along the way, the trials and tribulations and the mood of the markets, one cannot predict.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's how Elon Musk responded to Ron Baron saying Tesla can be worth $4 trillionBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
Read more »
How Elon Musk responded when billionaire Ron Baron said Tesla can be worth $4 trillionBaron Capital founder Ron Baron had told MarketWatch that Musk’s EV company — in which Baron was an early investor — was headed over the coming decade for a $4 trillion market cap, up from a current $653.78 billion
Read more »
BYD EV Sales Expose Tesla CEO Elon Musk's Mistake.BYD delivered 165,505 battery electric vehicles in October, up 60% year over year.
Read more »
Elon Musk's estimated net worth dips below $200 billion again after low Tesla earningsAfter Tesla reported low quarterly earnings, Musk – who owns about 13% of the car company – took a hit.
Read more »
Elon Musk Gets a Wake-Up Call as Tesla Valuation Falls 20% on Shrinking EV DemandThe valuation follows the company announcing earlier this month in an earnings call that it would be reducing its growth expectations.
Read more »