Billionaire Investor Ron Baron HYPES Tesla Stock, SpaceX

TL;DR

Billionaire investor Ron Baron believes that Tesla's market cap could increase 3-5 times and SpaceX could see a 20-30 times return over the next decade. He also shares thoughts on Elon Musk's investment in Twitter.

Transcript

i own a million quarter shares for our firm in the company i have not sold a single share of that and i don't expect to in my lifetime in your lifetime you don't actually in my lifetime okay the same thing with spacex but so i think we're going to make three or four or five times our money in the next 10 years in tesla i think again from on top of ... Read More

Key Insights

• 👲 Ron Baron believes Tesla's market cap could increase another 3-5 times over the next decade, underestimating the potential growth.
• ↩️ Tesla's stock has already given impressive returns, with Ron Baron making a 20 times return on his investment.
• 💁 Ron highlights the importance of giving people access to information through internet connectivity to lift them out of poverty.
• 👨‍💼 SpaceX has the potential to see a 20-30 times return over the next 10 years, driven by the Starlink business.
• 👾 SpaceX's reusable rocket technology gives them a significant cost advantage compared to other companies in the space industry.
• 🐕‍🦺 It is impossible for other companies to sustainably compete with SpaceX's Starlink internet service until they develop their own reusable rockets.
• 🛩️ Ron dismisses concerns about Elon Musk's investment in Twitter, considering it a small investment compared to Tesla's potential value.

Questions & Answers

Q: When did Ron Baron begin buying Tesla stock and what kind of return has he seen so far?

Ron started buying Tesla stock in 2014, 2015, and 2016. He has already made a 20 times return on his initial investment.

Q: Did other people buy Tesla stock during the same period as Ron Baron?

It is not specified in the content, but the video invites viewers to comment if they were buying Tesla stock during that time.

Q: What does Ron Baron think about Elon Musk's investment in Twitter?

Ron believes that Musk's investment in Twitter is meaningless because it is a small investment compared to the value of Musk's other companies like Tesla.

Q: Will SpaceX go public in the near future?

Ron thinks it is unlikely that SpaceX will go public soon, but he suggests that the Starlink business, a subsidiary of SpaceX, could go public within the next three years.

Summary & Key Takeaways

• Ron Baron has not sold any of his shares in Tesla or SpaceX and expects to make three to five times his investment in Tesla and 20 to 30 times in SpaceX over the next 10 years.

• He reflects on the incredible returns he has already seen from his investment in Tesla, which went up 20 times in the past two or three years.

• Ron explains that he sold some Tesla stock to address criticisms about having a large percentage of his assets in one stock, but he plans to continue holding onto his remaining shares.