Part 3/9:
Baron openly admits to a long-term, steadfast investment outlook, choosing to hold Tesla shares regardless of short-term fluctuations. He recalls first buying Tesla at a split-adjusted price of around $1,000 per share, emphasizing his conviction that despite the stock's initial stability and subsequent downturn, its value was vastly underestimated. After witnessing its rise, Baron asserts that his patience paid off as Tesla's stock soared 20-fold.