"Speaking on CNBC's Squawk Box, Baron stated that he is largely unfazed by the market downturn, describing his approach during the selloff as simply "looking" for opportunities. He emphasized that Tesla remains the centerpiece of his long-term strategy, recalling that although Baron Funds once sold 30% of its Tesla position due to client pressure, he personally refused to trim any of his personal holdings."
"Baron's exposure highlighted this stance, stating that roughly 40% of his personal net worth is invested in Tesla alone. The legendary investor stated that he has already made about $8 billion from Tesla from an investment of $400 million when he started, and believes that figure could rise fivefold over the next decade as the company scales its technology, manufacturing, and autonomy roadmap."
Ron Baron did not sell any of his personal Tesla shares during the recent tech-sector selloff. Baron Funds sold 30% of its Tesla position for clients, while Baron personally maintained his holdings. Approximately 40% of Baron's personal net worth is invested in Tesla, with about 25% in SpaceX and 35% in Baron mutual funds. He converted an initial $400 million investment into roughly $8 billion in gains and projects those gains could increase fivefold over the next decade as Tesla scales technology, manufacturing, and autonomy. Baron committed to being the last person to sell his stock.
Read at TESLARATI
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