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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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Happy weekend, investors! Welcome back to Weekly Buzz where we talk about the top ten buzzing stocks on moomoo this week! Comment below to answer the Weekly Topic question for a chance to win an award!
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This week was the first full trading week after the presidential election, and the market continued to respond positively to President-Elect Donald Trump and watched as the GOP won a majority in the Congressional House and Senat...
Make Your Choice
Weekly Buzz
This week was the first full trading week after the presidential election, and the market continued to respond positively to President-Elect Donald Trump and watched as the GOP won a majority in the Congressional House and Senat...
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Hi, mooers!
Time has swiftly passed, bringing us to the final quarter of 2024.
When we reflect on the last few months, the standout theme has certainly been the interest rate cut. Which markets have thrived since the Fed's decision? How have your investments adapted to the decreasing interest rates, and what are your strategies moving forward?
Let's dive into your fellow mooers' investment strategies and earnings insights!
Most investors remain s...
Time has swiftly passed, bringing us to the final quarter of 2024.
When we reflect on the last few months, the standout theme has certainly been the interest rate cut. Which markets have thrived since the Fed's decision? How have your investments adapted to the decreasing interest rates, and what are your strategies moving forward?
Let's dive into your fellow mooers' investment strategies and earnings insights!
Most investors remain s...
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We are going to have a very busy week ahead with a few key economic reports and companies’ earnings lining up.
5 out of the Mag 7 are reporting this week - Meta, Amazon, Apple, Google and Microsoft.
On the economic calendar front, 2 huge data this week - Fed’s preferred inflation gauge - the PCE price index (Thurs)
Finally, on Friday, the October jobs report will come out.
$ProShares UltraPro QQQ ETF (TQQQ.US)$ $Enphase Energy (ENPH.US)$ $McDonald's (MCD.US)$ $Starbucks (SBUX.US)$ $Coca-Cola (KO.US)$ $PepsiCo (PEP.US)$ $Nike (NKE.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $Crude Oil Futures(JAN5) (CLmain.US)$ $SPDR Gold ETF (GLD.US)$ $Adobe (ADBE.US)$
5 out of the Mag 7 are reporting this week - Meta, Amazon, Apple, Google and Microsoft.
On the economic calendar front, 2 huge data this week - Fed’s preferred inflation gauge - the PCE price index (Thurs)
Finally, on Friday, the October jobs report will come out.
$ProShares UltraPro QQQ ETF (TQQQ.US)$ $Enphase Energy (ENPH.US)$ $McDonald's (MCD.US)$ $Starbucks (SBUX.US)$ $Coca-Cola (KO.US)$ $PepsiCo (PEP.US)$ $Nike (NKE.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $Crude Oil Futures(JAN5) (CLmain.US)$ $SPDR Gold ETF (GLD.US)$ $Adobe (ADBE.US)$