Baron Capital founder Ron Baron had told MarketWatch that Musk’s EV company — in which Baron was an early investor — was headed over the coming decade for a $4 trillion market cap, up from a current $653.78 billion
“‘We do need to knock the ball out of the park several times to achieve that value, but I think we can.’”
Musk was responding to a comment from the billionaire CEO of Baron Capital, Ron Baron, who told MarketWatch in an interview that he expects Tesla shares to continue to rise and achieve a market cap of $4 trillion within 10 years, up from $653.78 billion at Wednesday’s market close. On top of his attention-grabbing remark about Tesla’s market-cap prospects, Baron said the Musk-led rocket-launch company Space Exploration Technologies Corp., or SpaceX, could be “even bigger than Tesla in the 2030s.”
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Here's how Elon Musk responded to Ron Baron saying Tesla can be worth $4 trillionBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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