Part 3/11:
A central topic of the interview is Tesla, the electric vehicle juggernaut that Baron has closely followed since 2010 and started investing in four years later. He first considered purchasing Tesla stock back in 2014, when the stock was at $80, and was immediately impressed by Elon Musk's vision of rapid growth—aiming for 50% annual increases in unit sales.
Baron admits he hesitated initially but finally committed after multiple visits and discussions with Musk. By that time, Tesla’s stock had already appreciated fivefold, yet Baron believed the valuation still offered substantial upside. He recounts his personal investment of $380 million, which has since grown into over $4 billion, demonstrating his unwavering confidence.