Ron Baron says he will not sell a single personal participation of Tesla despite Nosedive

Multimillionaire investor Ron Baron is standing ELON ALMIZCLE‘s Tesla Even in front of its dramatic liquidation. The action fell 15% on Monday, its greatest loss of one day since September 2020.

“I can’t believe how cheap they are, things we look at,” Baron said on Tuesday at CNBC. “Box. “” I was thinking we would do four times in the next 10 years. I think we are going to do more than that now from these prices. “

The president and CEO of Baron Capital first invested $ 400 million in Tesla between 2014 and 2016, and that early bet has made him billions of dollars as the electric vehicle company obtained the acceptance of the main current. Tesla represented 12% of the entire Baron portfolio in different funds at the end of 2024.

Tesla’s actions have been in a Russian mountain since Musk went to Washington, DC, to assume an important role in Trump’s second White House. Tesla He only suffered A seventh consecutive week of losses, its longer weekly decrease since its debut at Nasdaq in 2010.

Baron Capital cut its position as Tesla in the second quarter of last year because possession had become too big in its wallet. Baron promised that his personal actions of Tesla would be the last one that would play when it comes to the management of the portfolio.

“I am the last one, I will be the last. So I will not sell a single action personally until it sells all the actions for the customers, and that is what I have done,” he said.

Musk admitted on Monday that he directs his business “with great difficulty”, since he assumed the role of heading Trump’s notice Government Efficiency Departmentthat is dedicated to a broad and controversial effort to reduce Federal Government Expenditure and cut employee staff in dozens of agencies.

“I hope it is a little less visible, but I feel that this is the way it will do things,” Baron said about the 53 -year -old musk. “He is now more accused of his business than ever.”