Billionaire investor Ron Baron on Tesla: The time to buy the stock is now
Speakers
Ron Baron
— Founder, CEO, and Portfolio Manager, Baron Capital
Summary
Ron Baron joins Squawk Box to discuss his large SpaceX and Tesla holdings and his bullish view on Tesla. He says now is the time to buy Tesla because Full Self-Driving adoption is accelerating, and he notes Tesla's market share is rising as legacy automakers pull back from EVs. He also discusses speculation about a SpaceX-Tesla combination but declines to detail his advice to Elon Musk.
- Ron Baron is a large holder of SpaceX and Tesla.
- He says now is the time to buy Tesla, citing FSD adoption.
- Baron cites 11 million FSD users and 55% growth.
- He says Tesla's market share is rising again as legacy automakers retreat from EVs.
- Baron says Tesla is strong in Europe and globally.
- He discussed a potential SpaceX-Tesla combination but did not disclose his reasons for or against.
- The interview also covers his firm's long-term performance and Elon Musk exposure.
Ideas
Tesla market share rising as legacy retreats.
Ron Baron says now is the time to buy Tesla because Full Self-Driving adoption is catching on and will get bigger and bigger; he cites 11 million people using FSD, 55% overall growth, and 55% of new buyers taking it, arguing it will become ubiquitous.
