Billionaire Investor Ron Baron: Tesla Stock Could Quadruple in 7 Years
One of 's (NASDAQ: TSLA) longest-standing and most consistent bulls is Ron Baron, a billionaire investor and chairman and CEO of Baron Capital. Even as Tesla aggressively cut prices this year and saw its profit margin narrow substantially, the famed investor's bullish sentiment was unfazed. He expects shares to rise to a price that's multiples higher than it's trading at today, he revealed during a CNBC interview this week.
Is the investor onto something, or is his rosy view of the electric-car maker clouding his judgment and causing him to miss some red flags?
Highlighting his big bet on the company, Baron personally owns 4.5 million shares (valued at about $1.2 billion). Including his funds' holdings, his stake in the company stands at nearly $5 billion. It's no wonder he's so heavily invested; he believes Tesla shares could soar 4x to 5x from their current value over the next seven years, he told CNBC on Wednesday.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 91 Buy predictions and 48 Sell predictions.
As a result the target price of 248 € shows a slightly positive potential of 9.15% compared to the current price of 227.2 € for Tesla Inc.
