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 prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.
He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You. He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.
He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.
He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech, agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.