Tesla Stock Could Hit $1,500 A Share By 2030, Says Investor Ron Baron via insideevs.com
. During the session, Baron said he wasn’t concerned about volatility in the market, especially with current levels of consumer demand for Tesla’s vehicles.
Baron considers Tesla’s current demand to be at historically high levels, and the 79-year-old veteran investor expects the company’s stock price to keep going up in the years to come. Tesla makes up about 30 percent of the BPTIX portfolio, making it Baron’s largest holding. “Demand picks up so much, it’s unprecedented demand for his cars right now,” Baron said to CNBC during the recent segment of Squawk Box. “We started investing in his company in 2014, and they were doing 31,000 cars a year ... he thinks 20 million cars by 2030. I’m thinking $1,500 a share by 2030.”Baron’s mutual fund has remained one of the greatest benefactors of Tesla’s exponential growth in the past several years. With a total of $5.
“I’m not really worried about the stock market,” Baron added. “I don’t worry about the market. I don’t worry about the economy.” As for his confidence in Tesla, Baron noted that Tesla has been called “the safest car ever built in the world,” and he expects the automaker to put out a lower-cost model which he says will make the company worth seven to 10 times more down the road.
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