Billionaire Ron Baron owns more than 1.6 million shares (via Baron Capital) of Tesla valued at $358 million.
Ron believes that Tesla will have $35-40 billion in revenue in 2020 and $100 billion by about 2022-2023. Last year, Ron predicted that Tesla would be worth $1 trillion in 2030.
He describes how the range of Tesla cars will be over 400 miles this year and battery packs for a car will soon drop to $5000 from $10000 now.
The current car makers are the best at making gas and diesel engines. However, shifting to battery cars will be very difficult for them.
SOURCES- CNBC, Ron Baron
Written By Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
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