Elon Musk Backs Ron Baron's Vision Of $4 Trillion Market Cap For Tesla
$Tesla (TSLA.US)$ Billionaire investor and Baron Capital CEO Ron Baron envisions Tesla Inc achieving a $4 trillion market capitalization in a decade, a sentiment shared by company CEO Elon Musk.
Having invested approximately $400 million, equivalent to 2% of his assets under management, in Tesla between 2014 and 2016, Baron explained the company’s initial investment decision in 2014. Baron likened the future of Tesla to “Intel inside computers,” suggesting that the company will expand beyond automotive manufacturing to become a major supplier of autonomous driving software.
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Musk responded to Baron’s hopeful estimates on Thursday, stating, “We do need to knock the ball out of the park several times to achieve that value, but I think we can.”
In June, Musk suggested that it was “possible” for Tesla’s market cap to exceed the combined market values of Apple Inc and oil giant Saudi Aramco.
In June, Musk suggested that it was “possible” for Tesla’s market cap to exceed the combined market values of Apple Inc and oil giant Saudi Aramco.
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$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$
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