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-3.33066879829167E-05 0.000466293631761212 -9.99200639489394E-05 -0.0025552891020517 0.00306421529443117 -0.000666133759658902 -0.00379696243005591 -0.000466293631761212
Stock impact report

Tesla Bull Warns Ditching Cheaper Car Would Be ‘Thesis-Changing' [BNN Bloomberg (Canada)]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: BNN Bloomberg
As the electric-vehicle maker's outlook comes into question — pushing its market valuation below $500 billion this week, a level last seen more than a year ago — David Baron is dispirited by recent reports that Tesla could ditch its goal to bring an affordable car to the masses and shift resources to developing a robotaxi instead. While that's far from his base case, and Musk denied a Reuters article that first reported the news, the fund manager warns any reversal in the company's plan threatens to put his eye-catching calls on the stock in jeopardy without fresh sources of growth. The investor expects the shares to jump to $1,200 over time, an over 680% gain from Wednesday's close. “The Model 2 is a crucial piece of our thesis. If they stopped that, that is investment thesis-changing,” Baron, a portfolio manager at Baron Capital Inc. and son of Wall Street veteran Ron Baron, said in an interview. Baron, who oversees the $1.4 billion Baron Focused Growth Fund, said he will be Show less Read more
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