Ron Baron Explains Why Tesla Has a Huge Opportunity

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

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