Billionaire investor Ron Baron thinks the sky's the limit when it comes to Tesla 's (NASDAQ: TSLA) valuation. He sees the electric vehicle (EV) company growing fivefold over the next decade as its car and battery businesses soar.
In an interview with CNBC on Wednesday morning, the founder of investment firm Baron Capital Management said: "I've said for a long time I thought it was going to be $1 [trillion] to $2 trillion. With what developments have taken place recently, I think $2 trillion is the right number. So I think it's five times from here."
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Billionaire Investor Says Tesla Is a $2 Trillion Stock