Ron Baron, founder of Baron Capital.
Anjali Sundaram | CNBC
Billionaire investor Ron Baron is at that of Elon Musk Tesla Even in the light of his dramatic sale. The share fell 15%on Monday, the largest loss of one day since September 2020.
“I can’t believe how cheap they are, things we’re looking at,” said Baron on Tuesday at CNBC’s “Squawk Box”. “I thought we would make four times in the next 10 years. I think we are going to make these prizes more than that.”
The Baron Capital chairman and CEO invested $ 400 million in Tesla for the first time between 2014 and 2016, and that early bet made him billions of dollars because the company received mainstream acceptance for electric vehicles. At the end of 2024, Tesla represented 12% of the full portfolio of Baron on various funds.
Tesla shares have been on a roller coaster ride since Musk to Washington, DC went, to play an important role in the second Trump Witte Huis. Tesla has just suffered a seventh consecutive week of losses, the longest weekly decline since the debut of the Nasdaq in 2010.
Tesla shares in 2025.
Baron Capital last year cut his Tesla position in the second quarter in the second quarter because the company had become too big in his portfolio. Baron promised that his personal Tesla shares would be the last he would touch when it came to portfolio management.
“I am the last one, I will be the last one. So I will not sell any share personally until I sell all the shares for customers, and that is what I did,” he said.
Musk admitted on Monday that he runs his companies ‘with great difficulty’, while he took the role of leading Trump’s advisory department of government efficiency, which deals with a broad, controversial effort to reduce Federal government spending and Slash employees of employees at dozens of agencies.
“I hope he would be a little less visible, but he feels that this is the way he gets things done,” Baron said about the 53-year-old Musk. “He has now been more charged with his company than he has ever been.”