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Billionaire Investor Ron Baron on Tesla, Elon Musk, and the Trump Administration
Longtime Democrat and Investor Ron Baron Weighs In
Ron Baron, the billionaire investor and chairman and CEO of Baron Capital, has been a longtime supporter of Elon Musk and his companies Tesla and SpaceX. In a recent interview at the 31st Annual Baron Investment Conference, Baron shared his thoughts on Musk's new role in the Trump administration, the challenges facing Tesla and SpaceX, and his own shift away from the Democratic party.
Elon Musk's Influence in Washington
Baron believes Musk's experience running cost-efficient operations at SpaceX could be valuable in Washington. He criticized the use of "cost-plus" government contracts, which incentivize contractors to spend more and take longer, rather than operate efficiently. Baron thinks Musk could help reform these types of contracts and bring a more disciplined approach to government spending.
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