Billionaire Investor Ron Baron Thinks This Artificial Intelligence (AI) Stock Could Climb 525% (Hint: It's Not Nvidia)
This billionaire mutual fund manager thinks Tesla could become a $5 trillion business.
Ron Baron is a billionaire mutual fund investor and the founder of wealth management firm Baron Capital. Back in November, Baron sat down for an interview with CNBC's morning program, Squawk Box, and proclaimed that he sees Tesla (NASDAQ: TSLA) reaching a $5 trillion valuation within the next decade.
Well, earlier this month Baron joined Squawk Box again and he appears to be doubling down on his high conviction in Tesla.
As of market close on March 21, Tesla sported a market capitalization of $800 billion. Can Tesla's valuation really rise more than 500% over the next 10 years as Baron suggests?
