Billionaire Investor Ron Baron Remains Bullish on Tesla Amid Market Selloff

NEW YORK, NY — Billionaire investor Ron Baron is taking a measured approach during the current tech selloff, choosing to hold onto his shares and look for investment opportunities. On Friday, he expressed confidence in the long-term potential of his investments, particularly in Tesla.

Baron appeared on CNBC, stating, “Not very much,” when asked about his actions amid the market downturn. He emphasized that he is focusing on identifying potential bargains rather than making hasty decisions.

Tesla remains a key component of Baron’s investment strategy, despite the company’s shares falling 18% from their 52-week high. Baron recalled selling a third of his Tesla holdings for clients a few years ago after receiving criticism about the concentration of investments. However, he clarified that his personal stake in Tesla remains unchanged.

<p"We sold 30% for clients. I did not sell personally a single share," Baron said. Currently, about 40% of his personal net worth is tied up in Tesla, along with 25% in SpaceX and approximately 35% in Baron mutual funds.

Baron has seen substantial gains from Tesla over the years, claiming to have made about $8 billion. He remains optimistic, believing he could earn five times that amount in the next decade.

The investor shared a commitment he made years ago to his mutual funds’ board, promising not to sell his shares until his clients had fully exited their investments. “I will be the last person out of the stock,” he stated. “And I don’t expect to sell in my lifetime Tesla or SpaceX.”