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

The S&P 500's real estate sector has gained 10% over the past three months, outpacing the information technology sector's 7% growth during the same period. This surge in real estate is underscored by the median home price in Silicon Valley, which topped $2 million in the second quarter, marking the first time a U.S. metropolitan area has exceeded that threshold. As housing prices continue to climb, here is why the housing indus...

Malaysia's GDP in the second quarter of 2024 grew by 5.9% year-on-year, the strongest growth rate since the end of 2022, and the full year growth is expected to be close to 5%.
Datuk Abdullasim, Governor of Bank Negara Malaysia, pointed out at a press conference today that the second quarter economic growth accelerated, thanks to a good labor market and increased policy support, which led to an increase in household spending and improved exports.
With the strengthening of growth momentum, Bank Negara Malaysia still maintains its original forecast of 4% to 5% annual growth, but Abdullasim said that the final growth rate is expected to be close to 5%.
Under the support of stable domestic demand, strong investment activity, and improved export performance, we believe that Malaysia's GDP growth rate this year will fall in the upper end of the 4% to 5% range.
He added that various indicators show that the country's economic growth prospects can continue into the second half of the year, such as further recovery of global orders driving export performance, issuance of more projects, and improved business confidence.
As for whether to consider adjusting the growth forecast, Abdullah said it depends on the announcement of the latest fiscal budget.
In any case, domestic demand remains cautious about potential downward risks to growth, including lower-than-expected external demand, escalated geopolitical conflicts, and lower-than-expected production of commodities in our country.
In the second quarter, private consumption increased by 6% year-on-year, higher than the 4.7% in the first quarter; private investment also increased by 12% year-on-year, compared to a growth rate of only 9.2% in the first quarter.
Net exports turned from an increase to a decline in the second quarter, from the first...

Good morning mooers! Here are things you need to know about today's market:
●US Stock Markets Rally on Positive Inflation Data; Nasdaq and DJIA Surge
●Malaysia's Budget 2025 to Focus on Digital Incentives and Talent Development
●Malaysia's EV Push: Ambitions and Roadblocks
●Stocks to watch: Mr DIY, UZMA and Axiata
-moomoo News MY
Wall Street Summary
US stocks surged on Tuesday, with the Nasdaq and Dow Jones both climbing over ...