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Tesla share at all-time high: Ron Baron: The Tesla share has the potential to grow to $ 10,000 message

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• Tesla stock could increase tenfold
• Baron Capital holds 1.6 million Tesla shares
• 132 percent share price increase since early 2020

Tesla stock with great potential

The Tesla share has been in an upward trend since the beginning of June and is currently around $ 970 (as of the shooting price on June 11, 2020) – a few days earlier it had reached an all-time high of $ 1,018.96. But billionaire and Tesla shareholder Ron Baron sees further growth potential for Tesla, as he says in an interview with CNBC.

He sees so much potential in the stock that it could even increase tenfold. The same applies to SpaceX, which according to Baron could grow twenty times over the next 10 years.

In order for this prognosis to come true, the Tesla share would have to grow to an impressive $ 10,000, making it one of the most expensive stocks in the world.

1.6 million Tesla shares

“I told you a long time ago that Tesla is going to increase our money twenty times over. […] So far, we’ve quadrupled it. Now I think we will double or triple again in the next five years, “predicts the investor.

His company Baron Capital holds a total of 1.6 million Tesla shares with a total value of approximately $ 1.5 billion. Taking into account that Baron acquired the shares for an average of $ 219.02, the result is a significant gain of $ 1.15 billion.

Overall, Baron Capital’s portfolio grew approximately nine percent this year. In addition to Tesla, the company holds 7.4 million shares in Charles Schwab, 4.8 million Hyatt Hotels shares and 2.3 million shares in MCSI Inc., to name just a few.

Baron Capital used the bear market of the corona crisis and bought various positions. “Whenever possible, we try to benefit from it,” said Baron.

Everyone knows Tesla

According to the investor, Tesla is still a good buy at a price of over $ 900. When asked if he was considering selling his shares, Baron replied, “I would actually like to have more money to buy more Tesla.”

Tesla has now, after a few years, been able to establish itself as a legitimate automobile company. In addition, sales figures in Asia are increasing, so that Tesla will be successful in the long term.

Tesla was also able to develop into a well-known brand without ever spending any money on advertising. According to the Baron, this strength implies that Tesla will continue to increase in value in the future.

“Everyone knows the Tesla brand. My grandchildren, who are six and eight years old, know the Tesla brand,” the investor emphasizes his argument.

At the beginning of the year, the Tesla share price was still around $ 430 – compared to the high above the $ 1,000 mark, an increase in value of more than 130 percent.

Henry Ely / editorship Forex-news.com.net

More news about Charles Schwab

Image sources: Sergio Monti Photography / Shutterstock.com, Pe3k / Shutterstock.com



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