Wall Street shockwave: Ron Baron doubles down on this AI robotics stock, says it's headed for a $5 trillion valuation; are you invested in it?
Ron Baron, remains bullish on Tesla and has made projections about its future in a recent interview on CNBC. Tesla made up 41% of the Baron Partners Fund, as of December 2024, up from 38% the year before, reported The Motley Fool.
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Baron is confident that Tesla’s market value could soar to $5 trillion within the next decade, this prediction suggests a potential 285% upside from its current valuation of $1.3 trillion, as per The Motley Fool.
What’s behind this optimism?
Baron sees a massive opportunity for Tesla in autonomous driving and robotics, two sectors poised to reshape industries and create untapped revenue streams, according to The Motley Fool.
Tesla’s struggles in 2024 won’t hold it back
Tesla's 2024 financials shocked many, particularly given that the company was battling headwinds such as elevated interest rates and price cuts, as per the report. Though deliveries dipped slightly and profits took a hit, Tesla still dominated the world electric vehicle market, albeit losing market share, according to The Motley Fool.
Tesla CEO Elon Musk has pointed out that 2025 will lay the foundation for an «epic 2026» and beyond, due to projects such as the sub-$30,000 Model Q car and, advancement in full self-driving (FSD) technology. Tesla's FSD software reported a 1,000-fold improvement last year, and Musk is set to roll out an autonomous
