Ron Baron says

MILARDER Ron Baron’s investor is standing nearby Elon Musk‘s Tesla Even in the face of his dramatic sale. On Monday, the rallies plunged by 15%, its largest one -day loss since September 2020.

“I can’t believe how cheap they are, the things we look at,” Baron said on Tuesday at CNBC “Box for Squawk“” I thought we would do four times in the next 10 years. I think we’re going to do more than now from these prices. “

The Baron Capital chairman and the CEO invested $ 400 million in Tesla from 2014 to 2016, and this early rate made it billions of dollars when the electric car received the main reception. At the end of 2024, Tesla made 12% of the total Baron portfolio in different funds.

Tesla’s shares have been on a roller coaster since Musk went to Washington to take the lead role in Trump’s second White House. Tesla just suffered We weeks in a row of losses, its longest weekly decline after NASDAQ debut in 2010.

In the second quarter of last year, Baron Capital cut its tesla position because the holding became too big in its portfolio. Baron promised that his personal Tesla’s personal shares would be the last, which he touches when it comes to controlling the portfolio.

“I’m the last, I will be the last. So I will not sell any stock personally until I sell all the stocks for customers, and that’s what I did,” he said.

Musk confessed on Monday that he was leading his business “with great difficulty” when he took on the role of Trump’s advice Department of Government Efficiencyinvolved in wide, contradictory efforts to reduce Costs of the Federal Government And the number of Slash staff in dozens of agencies.

“I hope he will be a little less noticeable, but he feels that he will do everything,” Baron said about 53-year-old Musk. “Now he is more accused of his business than if he is.”