He explained, “What we worry about is not stock prices.” As an investor, his firm “worry about the business,” adding that they have “no clue what will gonna happen” over the short-term.
Furthermore, Baron believes that Tesla’s sales will increase by 50% annually in the coming years, thus he expects its market valuation to appreciate three to five times over the next ten years. He is also excited about the company’s battery business.
Watch CNBC’s interview with Ron Baron below:
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