Ron Baron, founder Baron Capital.
Anjali Sundamam | CNBC
Bilian’s investor Ron Baron stands Elon muskwith Tesla Even in the face of dramatic sale. The shares have fallen 15%on Monday, which is its biggest one -day loss since September 2020.
“I can’t believe how cheap things we look at,” Baron said on Tuesday at CNBC “Box. “” I thought we would make four times in the next 10 years. I think we will make more than that of these prices now. “
The President and CEO Baron Capital first invested $ 400 million in Tesla between 2014 and 2016, and that early Bet made billions of dollars because the electric vehicle company was received by the mainstream acceptance. Tesla represented 12% of the entire Baron portfolio in various means at the end of 2024.
Tesla’s shares have run into riding with rolls since Musk went to Washington, DC, to take on a big role in another Trump’s white house. Tesla just suffered The seventh week of losses, his longest weekly decline since he made his debut on Nasdaq in 2010.
Tesla divides in 2025.
Baron Capital reduced his Tesla’s position in the second quarter last year, as Holding became too big in his portfolio. Baron vowed that his personal shares of Tesla would be the last he would touch when it came to managing a portfolio.
“I’m the last, I’ll be the last. So I won’t personally sell a single section until I sell all the shares for clients, and I did that,” he said.
Musk admitted on Monday to lead his jobs with great difficulty, while taking over the role of running Trump’s consultation Government Efficiency Departmentthat is engaged in a wide, controversial effort to reduce Consumption of the Federal Government and tens of agencies.
“I hope he will be a little less visible, but he feels that he will do that,” Baron said about the 53-year-old male. “He is now more charged with his job than he has ever been.”
