Tesla has been given a vote of confidence by one of the world’s wealthiest men who believes the company’s valuation could grow four to five times between now and 2030.
Investor Ron Baron was speaking to CNBC about Walter Issacson’s new biography of Elon Musk, as Business Insider summarized, and Baron discussed the stock market potential of Musk’s electric vehicle company, Tesla, among other things.
“I think Tesla in the next seven years will be about four or five times as big as it is right now in the stock market,” Baron said. “In the funds that I manage, I’ve been maxed out.”
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