Tesla Tipped As $700bn Goliath
Tesla Motors will become one of the biggest companies in the world over the next decade with a market value of about US$700 billion (A$940 billion), according to billionaire investor Ron Baron – who just happens to be sitting on a pile of Tesla shares.
Baron, CEO of Baron Capital Management, is in fact one of Tesla’s biggest investors. His company has amassed a stake in the electric-car company said to be worth about $325 million, or one percent of its total market value.
He told CNBC there is a “very good chance” he’ll own the Tesla stake for 10 to 20 years, expecting returns of $6 billion to $7 billion over that time.