Investor Ron Baron on trusting Elon Musk after making big bets on Tesla and SpaceX | Summary and Q&A

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September 13, 2023
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CNBC Television
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Investor Ron Baron on trusting Elon Musk after making big bets on Tesla and SpaceX

TL;DR

Ron Baron, CEO of Baron Capital, discusses his long-term investment in Elon Musk's companies and the potential risks associated with Musk's personal struggles.

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Questions & Answers

Q: How long has Ron Baron been investing in Elon Musk's companies?

Ron Baron has been investing in Elon Musk's companies since 2010 when they first met, starting with Tesla in 2014 and SpaceX in 2017.

Q: What risk does Ron Baron identify as the biggest concern for his investment in Elon Musk's companies?

The biggest risk for Ron Baron's investment is if something were to happen to Elon Musk, as he views Musk as the key driving force behind these companies.

Q: How does Ron Baron respond to the criticisms and controversies surrounding Elon Musk's behavior?

Ron Baron admits that he initially found some of Musk's actions frustrating but continues to believe in his capabilities and the potential for significant financial returns from the investment.

Q: What attributes does Ron Baron highlight about Elon Musk's personality and work ethic?

Ron Baron describes Musk as a funny, engaging, incredibly hardworking person, with a photographic memory and a deep focus on driving costs out of everything.

Q: How does Ron Baron explain Elon Musk's escape from childhood problems and his dedication to his mission?

Ron Baron mentions that Elon Musk escaped from problems with his father by immersing himself in knowledge, reading the encyclopedia extensively, and developing a photographic memory. He believes Musk's focus on his mission stems from his past experiences and unique abilities.

Summary & Key Takeaways

  • Ron Baron has been a long-time supporter and investor in Elon Musk's companies, including Tesla and SpaceX.

  • He acknowledges that Elon Musk has personal struggles but believes in his incredible innovation and entrepreneurship.

  • Baron emphasizes the importance of Musk's role in his investment and expresses confidence in his long-term mission and vision.

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