in front of 5,000 investors at the Metropolitan Opera House in New York City.
“In ten years, Tesla will be the largest and most profitable company in the world,” Baron said in the interview.has 19 funds totaling around $40 billion in assets, many of which have big investments in Tesla. The Baron Partners Fund is $6 billion into the automaker, while the Baron Focused Growth Fund has around $700 million of Tesla’s shares in its portfolio.
The two funds are down around 31 percent and 23 percent in 2022, respectively, but they still have high longer-term gains, as pointed out by Baron. Additionally, the Baron Partners Fund has returned over 25 percent of an average net annualized return in the past five years, and Baron seems to seeBaron is also no stranger to bear markets, having founded the firm four decades ago. On the S&P 500 index’s roughly 21% drop, Baron noted “big opportunities” for buying low.
“A year ago, nothing was cheap — now it’s the opposite,” Baron said. “Stocks are dirt cheap on an absolute basis.”is one of Tesla’s top 20 shareholders, with 11% of its portfolio dedicated to the stock. Comparatively, most other funds top out around five or six percent allocated for Tesla. Although Baron acknowledged this year as a rough year for his funds and Tesla, he also called it “relative,” commenting that “because of our low turnover and great long-term record, investors are willing to cut us some slack and be patient.”
Not very likely
I agree
BYD
This week was my first time ride on Tesla and that car is a total garbage. The hype is only create online by accounts like this and of course Space Karen.
Maybe you meant car company?
Sorry but I don't think so.
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