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Columns Investment mogul Baron predicts that Tesla's market cap will reach $5 trillion within 10 years.
Electric vehicle giant Tesla (TESLA), after the U.S. presidential election, saw a surge in stock price, even doubling compared to the lowest point this year. American investment tycoons still bullish on Tesla's potential to rise several times.
Investment tycoon Baron (RON BARON), who is also a major shareholder of Tesla, stated that Tesla's market cap could rise to $5 trillion within 10 years. Tesla's CEO Musk also believes that Tesla's market cap could reach $30 trillion.
In response to Trump's election as the next U.S. president, Musk's support played a significant role. Recently, Tesla's stock price surged by over 25%, with its market cap surpassing $1 trillion again.
Barron was one of the early investors in Tesla, and Baron Capital, managed by him, invested 0.4 billion USD in the company between 2014 and 2016.
He once disclosed that his investment in Tesla brought him a profit of 6 billion USD. Tesla currently accounts for one-tenth of Barron's stock investment.
Barron, when interviewed by CNBC on Friday, believes that due to the development of humanoid robot Optimus, Tesla could reach over 3 trillion USD in the next 10 years, even 4 trillion or 5 trillion USD. Therefore, he will not sell his Tesla stocks at the current stage.
He also revealed that Musk believes that Tesla's market cap is more likely to reach 30 trillion dollars.
Tesla closed 9.54 dollars higher on Friday at 320.72 dollars.
source: 9Share
Investment tycoon Baron (RON BARON), who is also a major shareholder of Tesla, stated that Tesla's market cap could rise to $5 trillion within 10 years. Tesla's CEO Musk also believes that Tesla's market cap could reach $30 trillion.
In response to Trump's election as the next U.S. president, Musk's support played a significant role. Recently, Tesla's stock price surged by over 25%, with its market cap surpassing $1 trillion again.
Barron was one of the early investors in Tesla, and Baron Capital, managed by him, invested 0.4 billion USD in the company between 2014 and 2016.
He once disclosed that his investment in Tesla brought him a profit of 6 billion USD. Tesla currently accounts for one-tenth of Barron's stock investment.
Barron, when interviewed by CNBC on Friday, believes that due to the development of humanoid robot Optimus, Tesla could reach over 3 trillion USD in the next 10 years, even 4 trillion or 5 trillion USD. Therefore, he will not sell his Tesla stocks at the current stage.
He also revealed that Musk believes that Tesla's market cap is more likely to reach 30 trillion dollars.
Tesla closed 9.54 dollars higher on Friday at 320.72 dollars.
source: 9Share
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$Tesla (TSLA.US)$ damn i coulda saved .08 on my calls
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$Tesla (TSLA.US)$ My mind is blown
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Hey Mooers! ![]()
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Hope you had a good profits from the newly elected president!
Disclaimer: This is based on my opinion and it is not a recommendation to buy or sell. It is for education purpose. Please do your own Due diligence before making a trade!
Index
$Nasdaq Composite Index (.IXIC.US)$
Based on the Nasdaq Rally, we may see more bullish rally by the MAG7. There is a slight chance of pullback to 18700 based on the fair value gap. However there is no cap to the upside ...
Hope you had a good profits from the newly elected president!
Disclaimer: This is based on my opinion and it is not a recommendation to buy or sell. It is for education purpose. Please do your own Due diligence before making a trade!
Index
$Nasdaq Composite Index (.IXIC.US)$
Based on the Nasdaq Rally, we may see more bullish rally by the MAG7. There is a slight chance of pullback to 18700 based on the fair value gap. However there is no cap to the upside ...
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$Tesla (TSLA.US)$ Will the market open lower or higher today 🥹
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$Hang Seng Index (800000.HK)$ up one day down 5 days. really is pathetic
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The dollar and Asian stocks fell as Biden announced his withdrawal from the 2024 US presidential election and supported He Jinli to take over.
The Bloomberg Dollar Spot Index $USD (USDindex.FX)$Fell 0.2% on Monday, with the Mexican peso rising.
Faced with constant pressure within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November election. The stock markets in Japan and South Korea opened lower, and the Australian stock market weakened. Hong Kong stock index futures held steady.
$Korea Composite Index (.KOSPI.KR)$
$Nikkei 225 (.N225.JP)$
$S&P/ASX 200 (.XJO.AU)$
$Hang Seng Index (800000.HK)$
The question facing investors is whether it is still necessary to stick to Trump's trade since Biden has abandoned his bid for re-election.
The market may experience significant volatility as traders wait to see if He Jinli can win the party's nomination while weighing whether she can gather enough momentum to challenge Trump's current lead in the polls.
"People's subconscious reaction is that this is not good for the US dollar, but it is still too early to draw conclusions," said Olga Yankovskaya, director of emerging market research and strategy at Credit Agricole CIB.
"This largely depends on Hua Jili's initial appearance, the choice of campaign partners, and the reaction of swing state polls."
On the commodity side, crude oil and gold prices rose in early trading.
Biden drops out of the race...
The Bloomberg Dollar Spot Index $USD (USDindex.FX)$Fell 0.2% on Monday, with the Mexican peso rising.
Faced with constant pressure within the Democratic Party, Biden had to give up his re-election campaign and withdraw from the November election. The stock markets in Japan and South Korea opened lower, and the Australian stock market weakened. Hong Kong stock index futures held steady.
$Korea Composite Index (.KOSPI.KR)$
$Nikkei 225 (.N225.JP)$
$S&P/ASX 200 (.XJO.AU)$
$Hang Seng Index (800000.HK)$
The question facing investors is whether it is still necessary to stick to Trump's trade since Biden has abandoned his bid for re-election.
The market may experience significant volatility as traders wait to see if He Jinli can win the party's nomination while weighing whether she can gather enough momentum to challenge Trump's current lead in the polls.
"People's subconscious reaction is that this is not good for the US dollar, but it is still too early to draw conclusions," said Olga Yankovskaya, director of emerging market research and strategy at Credit Agricole CIB.
"This largely depends on Hua Jili's initial appearance, the choice of campaign partners, and the reaction of swing state polls."
On the commodity side, crude oil and gold prices rose in early trading.
Biden drops out of the race...
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