Ron Baron: Tesla's bottom is here now, Expect the stock to go up “huge” [Seeking Alpha]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Seeking Alpha
In a CNBC interview, the Tesla bull billionaire investor said that the company's future is in their Robotaxis and their promised affordable electric car. On Tuesday, the company announced new models by 2025, including low-cost cars. Earlier this month, Tesla ( TSLA ) backed down from announcing a $25,000 Model 2 car. But Baron believes that within 10 to 15 years, all cars are going to be electric. The hybrid car trend, he added, “is sort of holding off action so the automobile companies don't have to lose money on the electric cars,” and said those are too expensive and not effective enough. Also, he said that the reason why the stock is down (-33.65% year-to-date) is that people were concerned that Tesla's CEO Elon Musk would abandon the idea of having a low-cost car, but he is not. Tesla has the capacity to make 3 million low-cost cars a year, he said. In addition, Baron said SpaceX is going to make 20 times its gains over the next 15 years and four times over the next six
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News
- Elon Musk sues Indian battery company Tesla Power for trademark infringement [FOX Business Network]FOX Business Network
- Rule tweak allows Tesla, EV makers to maintain tax-credit marketing push in car sales [Fortune]Fortune
- Have the wheels come off for Tesla? [Yahoo! Finance]Yahoo! Finance
- Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package [Business Insider]Business Insider
- Tesla in Turmoil as Musk Makes Multiple Controversial Moves [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 5/3/24 - Form DEFA14A
- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- TSLA's page on the SEC website