Tesla supporter Ron Baron, the electric vehicle firm might reach a $5 trillion market valuation in ten years, and CEO Elon Musk has an even bigger target in mind for the future.
I believe that, based on the business plan I am aware of, Tesla will be worth $3 trillion, $4 trillion, or $5 trillion in ten years. On Friday, Â “Squawk Box” that Elon thinks it will be worth $30 trillion in the long run.
FactSet data, as of Thursday’s market closing, Nvidia’s market value stands at $3.65 trillion, surpassing that of both Apple and Microsoft. The market value of Tesla was $1.12 trillion at the end of Thursday.
Between 2014 and 2016, Baron initially put $400 million into Tesla. He said that the early investment has already brought him $6 billion as the EV company has gained traction. Across all funds, 10% of Baron’s total portfolio is made up of Tesla.
Source (CNBC)
