Billionaire Ron Baron Predicts $4 Trillion Valuation for Tesla in 10 Years, Says SpaceX Could Be Even Bigger
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Ron Baron said Tesla could reach a $4 trillion market cap within 10 years.
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Elon Musk said Tesla needs to "knock the ball out of the park several times" to reach that value.
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Baron Capital has beaten the market partly thanks to early bets on Tesla starting in 2014.
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Baron said SpaceX could be even bigger than Tesla in the 2030s.
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Tesla shares are up 67% this year but haven't fully recovered from their 2022 drop.