{"id":11586,"date":"2025-03-12T10:07:18","date_gmt":"2025-03-12T10:07:18","guid":{"rendered":"https:\/\/finderica.com\/?p=11586"},"modified":"2025-03-12T10:07:18","modified_gmt":"2025-03-12T10:07:18","slug":"ron-baron-says-he-wont-sell-a-single-personal-tesla-share-despite-nosedive","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=11586","title":{"rendered":"Ron Baron says he won\u2019t sell a single personal Tesla share despite nosedive"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-105793511\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Ron Baron, founder of Baron Capital.<\/p>\n<p>Anjali Sundaram | CNBC<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Billionaire investor Ron Baron is standing by Elon Musk&#8217;s <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-2\">Tesla<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> even in the face of its dramatic sell-off. The stock plunged 15% on Monday, its biggest one-day loss since September 2020.<\/p>\n<p>&#8220;I can&#8217;t believe how cheap they are, things that we look at,&#8221; Baron said Tuesday on CNBC&#8217;s &#8220;Squawk Box.&#8221;  &#8220;I was thinking we would make four times over the next 10 years. I think we&#8217;re going to make more than that now from these prices.&#8221;<\/p>\n<p>The Baron Capital chair and CEO first invested $400 million in Tesla between 2014 and 2016, and that early bet has made him billions of dollars as the electric vehicle company gained mainstream acceptance. Tesla represented 12% of Baron&#8217;s entire portfolio across different funds at the end of 2024.<\/p>\n<p>Tesla shares have been on a roller coaster ride since Musk went to Washington, D.C., to take on a major role in the second Trump White House. Tesla\u00a0just suffered a seventh straight week of losses, its longest weekly decline since debuting on the Nasdaq in 2010.<\/p>\n<\/div>\n<div>\n<div class=\"Collapsible-proliveCollapsableContainer\" role=\"button\" tabindex=\"0\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"256\" height=\"256\" viewbox=\"0 0 256 256\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" preserveaspectratio=\"xMinYMin\" class=\"Collapsible-stockChartIcon\"><title>Stock Chart Icon<\/title><desc>Stock chart icon<\/desc><g transform=\"translate(1.4065934065934016 1.4065934065934016) scale(2.81 2.81)\"><path d=\"M 87.994 0 H 69.342 c -1.787 0 -2.682 2.16 -1.418 3.424 l 5.795 5.795 l -33.82 33.82 L 28.056 31.196 l -3.174 -3.174 c -1.074 -1.074 -2.815 -1.074 -3.889 0 L 0.805 48.209 c -1.074 1.074 -1.074 2.815 0 3.889 l 3.174 3.174 c 1.074 1.074 2.815 1.074 3.889 0 l 15.069 -15.069 l 14.994 14.994 c 1.074 1.074 2.815 1.074 3.889 0 l 1.614 -1.614 c 0.083 -0.066 0.17 -0.125 0.247 -0.202 l 37.1 -37.1 l 5.795 5.795 C 87.84 23.34 90 22.445 90 20.658 V 2.006 C 90 0.898 89.102 0 87.994 0 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 65.626 37.8 v 49.45 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 23.518 L 65.626 37.8 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 47.115 56.312 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 42.03 L 47.115 56.312 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 39.876 60.503 c -1.937 0 -3.757 -0.754 -5.127 -2.124 l -6.146 -6.145 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 59.844 C 41.952 60.271 40.933 60.503 39.876 60.503 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><path d=\"M 22.937 46.567 L 11.051 58.453 c -0.298 0.298 -0.621 0.562 -0.959 0.8 V 87.25 c 0 1.519 1.231 2.75 2.75 2.75 h 8.782 c 1.519 0 2.75 -1.231 2.75 -2.75 V 48.004 L 22.937 46.567 z\" transform=\" matrix(1 0 0 1 0 0) \" stroke-linecap=\"round\"><\/path><\/g><\/svg><\/p>\n<div class=\"Collapsible-proLivePlayerCloseOrExpand\"><\/div>\n<\/div>\n<p><iframe title=\"Tesla shares in 2025.\" src=\"https:\/\/www.cnbc.com\/appchart?symbol=TSLA&amp;range=YTD&amp;type=mountain&amp;embedded=true&amp;%24DEVICE%24=undefined\" height=\"460\" scrolling=\"no\" style=\"border:0;width:100%\"><\/iframe><\/p>\n<p>Tesla shares in 2025.<\/p>\n<\/div>\n<div class=\"group\">\n<p>Baron Capital trimmed its Tesla position in the second quarter last year because the holding had gotten too big in its portfolio. Baron vowed that his personal Tesla shares would be the last he would touch when it comes to portfolio management.<\/p>\n<p>&#8220;I&#8217;m the last in, I&#8217;ll be the last out. So I won&#8217;t sell a single share personally until I sell all the shares for clients, and that&#8217;s what I&#8217;ve done,&#8221; he said.<\/p>\n<p>Musk admitted Monday he is running his businesses &#8220;with great difficulty,&#8221; as he took on the role of\u00a0heading Trump&#8217;s advisory Department of Government Efficiency, which is engaged in a broad, controversial effort to reduce\u00a0<a href=\"https:\/\/doge.gov\/\" target=\"_blank\" rel=\"noopener\">federal government spending<\/a>\u00a0and slash employee headcount at dozens of agencies.<\/p>\n<p>&#8220;I would hope that he would be a little less visible, but he feels that this is the way he&#8217;s going to get things done,&#8221; Baron said of the 53-year-old Musk. &#8220;He is more charged up about his business now than he&#8217;s ever been.&#8221;<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 class=\"RelatedContent-header\">Don\u2019t miss these insights from CNBC PRO<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/03\/11\/ron-baron-says-he-wont-sell-a-single-personal-tesla-share-despite-nosedive.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ron Baron, founder of Baron Capital. Anjali Sundaram | CNBC Billionaire investor Ron Baron is standing by Elon Musk&#8217;s Tesla even in the face of its dramatic sell-off. The stock plunged 15% on Monday, its biggest one-day loss since September 2020. &#8220;I can&#8217;t believe how cheap they are, things that we look at,&#8221; Baron said<\/p>\n","protected":false},"author":1,"featured_media":11587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[2613,4771,239,2612,322,2123,4770,2396,2226],"class_list":{"0":"post-11586","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-baron","9":"tag-nosedive","10":"tag-personal","11":"tag-ron","12":"tag-sell","13":"tag-share","14":"tag-single","15":"tag-tesla","16":"tag-wont"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/11586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11586"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/11586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/11587"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}