Tesla's (TSLA) Ambitious Market Cap Growth Plans Highlighted by Investor Ron Baron

Nov 18, 2024

Renowned investor Ron Baron (Trades, Portfolio), known for his optimism towards Tesla (TSLA, Financial), shared in a CNBC interview that he anticipates Tesla's market valuation could surge to $5 trillion within the next decade, based on the company's business strategies. He also noted that Tesla CEO Elon Musk has even more ambitious goals, aiming for a market cap as high as $30 trillion. Currently, Tesla's market valuation stands at $1 trillion.

In comparison, Nvidia (NVDA), the world's largest company by market capitalization, is valued at $3.65 trillion. Ron Baron (Trades, Portfolio)'s investment firm, Baron Capital, manages assets worth approximately $45 billion.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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