Ron Baron Says he Won’Te Sell A Single Personal Tesla Share Amid The Ev Play’s Big Decline

Billionaire Investor Ron Baron is Standing by Elon Musk’s Tesla even in the face of its dramatic cell-off. The stock plunged 15% on Monday, its biggest one-day loss since September 2020.

“I can’t believe how cheap they are, things that we look at,” Baron said on CNBC’s “Squawk Box“TUESDAY.” I was thinking we would make four times over the next 10 years. I think we’re gonna make more than that now from these prices. “

The Baron Capital Chair and CEO First Invested $ 400 Million in Tesla Between 2014 and 2016, and that early Tesla represen 12% of baron’s entrere portfolio across different funds at the end of 2024.

Tesla shares have been on a Roiller Coaster Ride Since Musk Went to washington, DC to take on a Major Role in the second trump white house. Tesla just suffred A Seventh Straight Week of Losses, Its Longest Weekly Decline Since Debuting on the Nasdaq in 2010.

Baron capital trimmed its tesla position in the second quarter last year if the HODING HAD GOTTEN TOO BIG in its portfolio. Baron vowed that his personal tesla shares would be the last he would touch when it comes to portfolio management.

“I’m the last in, i’ll be the last out. So I won’t sell a single share personally until I sell all the shares for clients, and that’s what i’ve done,” He said.

Musk admitted monday he is running his businesses “with great dies Department of Government EfficiencyWhich is engaged in a broad, controversial effort to reduce Federal Government Speaking And Slash Employee HeadCount at Dozens of Agencies.

“I would hope that he would be a little less visible, but he feels that is the way he he’s going to get things by,” Baron said of the 53-yar-ald musk. “He is more charged up about his business now than he’s ever been.”