{"id":7996,"date":"2024-11-16T08:45:42","date_gmt":"2024-11-16T08:45:42","guid":{"rendered":"https:\/\/finderica.com\/ron-baron-sees-tesla-worth-5-trillion-says-musk-eyeing-30-trillion-value\/"},"modified":"2024-11-16T08:45:42","modified_gmt":"2024-11-16T08:45:42","slug":"ron-baron-sees-tesla-worth-5-trillion-says-musk-eyeing-30-trillion-value","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=7996","title":{"rendered":"Ron Baron sees Tesla worth $5 trillion, says Musk eyeing $30 trillion value"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Billionaire investor Ron Baron, a longtime Tesla bull and shareholder, said he believes the electric vehicle company could hit a $5 trillion market capitalization in a decade, and that CEO Elon Musk has an even higher number in mind longer term. &#8220;Tesla, I think, is going to be worth $3 [trillion] or $4 trillion \u2014 $5 trillion in 10 years, based upon the business plan that I am aware of. Then Elon believes that longer term it&#8217;s going to be worth $30 trillion,&#8221; Baron said Friday on CNBC&#8217;s &#8221; Squawk Box .&#8221; At $3.65 trillion, Nvidia had the largest market value in the U.S. as of Thursday&#8217;s market close, bigger than Apple and Microsoft , according to FactSet data. Tesla closed Thursday with a market cap of $1.12 trillion. Baron first invested $400 million in Tesla between 2014 and 2016, and said the early bet has made him $6 billion so far as the EV company gained mainstream acceptance. Tesla represents 10% of Baron&#8217;s entire portfolio across different funds. TSLA ALL mountain Tesla Tesla is seen as a big beneficiary of promised Trump administration policies as Musk has this year been a prominent backer and donor to the president-elect. Musk recently got assigned a starring role by Trump, leading a so-called Department of Government Efficiency along with Vivek Ramaswamy, former Republican presidential candidate. Shares of Tesla have surged about 25% in November during the postelection rally to return to a $1 trillion market cap. Baron said he will hold on to his Tesla shares for the long run. &#8220;No way I&#8217;m going to sell shares. If they get too big I will have to trim a little bit, but no, I have no intention&#8221; of exiting, he said. The Baron Capital chair has also built his bullish case for Tesla on the prospect for its Optimus humanoid robot now in development. Last month at a &#8220;We, Robot&#8221; event, Musk said Tesla has made progress on Optimus and that it will eventually cost between $20,000 and $30,000, adding it will &#8220;be a teacher, babysit your kids, walk your dog, mow your lawn, get the groceries &#8230; Whatever you can think of it will do.&#8221; &#8220;The idea is that these robots &#8230; he thinks it will be his biggest business ever,&#8221; Baron said. &#8220;He says everyone will have robots.&#8221;<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/11\/15\/ron-baron-sees-tesla-worth-5-trillion-in-10-years-says-musk-eyeing-30-trillion-value-one-day.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire investor Ron Baron, a longtime Tesla bull and shareholder, said he believes the electric vehicle company could hit a $5 trillion market capitalization in a decade, and that CEO Elon Musk has an even higher number in mind longer term. &#8220;Tesla, I think, is going to be worth $3 [trillion] or $4 trillion \u2014<\/p>\n","protected":false},"author":1,"featured_media":7997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[2613,2615,2614,2612,959,2396,2570,990],"class_list":{"0":"post-7996","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-baron","9":"tag-eyeing","10":"tag-musk","11":"tag-ron","12":"tag-sees","13":"tag-tesla","14":"tag-trillion","15":"tag-worth"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/7996","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=7996"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/7996\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/7997"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}