After the US presidential election, the electric car giant Tesla (TESLA) stock prices went wild and even doubled compared to this year's low. America's wealthy investors are still optimistic that Tesla can rise several times more.
Investing in Regal RON BARON (RON BARON), he is also Tesla's main shareholder. He said that Tesla's market value can rise to 5 trillion US dollars within 10 years. Also, Tesla CEO Musk believes that Tesla's market value will be 30 trillion US dollars.
In response to Trump's election as the next president of the United States, and Musk played a big role in his election, Tesla's stock price recently surged by more than 25%, and the market capitalization has returned above 1 trillion dollars.
Barron was one of Tesla's early investors, and Baron Capital, which is in charge of it, invested 0.4 billion dollars in the company from 2014 to 2016.
He once revealed that investing in Tesla made him profit of 6 billion dollars. Tesla still accounts for 10% of Barron's stock investment.
In an interview with the financial channel CNBC on Friday, Barron believes that in response to the development of the robotic robot Optimus, Tesla could reach more than 3 trillion dollars, or even 4 trillion or 5 trillion dollars, within 10 years. Therefore, he will not sell his Tesla shares at this stage.
He also revealed that Musk believes Tesla's market capitalization is more likely to be worth 30 trillion dollars.
Tesla closed the market and rose $9.54 to $320.72 on Friday.
Source: 9Share