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Billionaire investor Ron Baron says Tesla stock has bottomed out and will 'go up huge' on the promise of more affordable vehicles [Yahoo! Finance]
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Baron sees all cars being EVs in 10 to 15 years, and cited Tesla's cost efficiency compared to rivals. Tesla 's stock has reached a positive inflection point and will leave recent lows in the dust now that the company is giving investors what they want, according to billionaire investor Ron Baron. "Oh, it's going to go up huge," he told CNBC on Wednesday. "Now is the bottom." So far this year, Tesla shares have crashed more than 34%, driven downwards by a first-quarter delivery slag, reports of a pivot towards robotaxis, and a string of leadership controversies But to the Baron Capital founder, eroding sentiment had less to do with how the electric vehicle maker performed, but whether CEO Elon Musk was still committed to coming through on promised projects. "When I think about the reasons the stock is down, it's because people were concerned that he was going to abandon the idea of having a low-cost car and go all into robotaxis," Baron said. Doubts first crept in after a
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