Tesla Megabull Ron Baron Says It Was 'Painful' To Sell 1.7M Shares

Benzinga2021-03-04

Longtime Tesla Inc (NASDAQ: TSLA) bull Ron Baron acknowledged Thursday morning his fund Baron Capital sold 1.7 million shares of the electric automaker despite his long-held belief the stock has a ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

YOLO_HM
2021-03-08
YOLO_HM
Tesla price is too high and I can't imaging those bought at 800 per shares still have the big heart for it to bounce back. This week will be crucial for Tesla cause if it break downward 500, is going to be interesting.
- 卡尔洋:
  什么**水文
mcwood
2021-03-07
mcwood
[得意]
cheryltanat
2021-03-06
cheryltanat
They will buy the dip and hold.. Tricks..
Yongshunn
2021-03-05
Yongshunn
Sell now to buy later ?

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2117062475?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/zeXumK6h5sKoGGumZtM0fg--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://s.yimg.com/uu/api/res/1.2/TYDG2Ev2x4ReKVsYu.aq0g--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/8e87a6f1ea9af17ed3578df611cfd3c9","is_english":true,"pubTime":"2021-03-04 22:20","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2117062475","market":"us","top_or_hot":-1,"title":"Tesla Megabull Ron Baron Says It Was 'Painful' To Sell 1.7M Shares","media":"Benzinga","content":"<div>\n<p>Longtime Tesla Inc (NASDAQ: TSLA) bull Ron Baron acknowledged Thursday morning his fund Baron Capital sold 1.7 million shares of the electric automaker despite his long-held belief the stock has a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-megabull-ron-baron-says-142046385.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Megabull Ron Baron Says It Was 'Painful' To Sell 1.7M Shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Megabull Ron Baron Says It Was 'Painful' To Sell 1.7M Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-04 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/tesla-megabull-ron-baron-says-142046385.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Longtime Tesla Inc (NASDAQ: TSLA) bull Ron Baron acknowledged Thursday morning his fund Baron Capital sold 1.7 million shares of the electric automaker despite his long-held belief the stock has a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-megabull-ron-baron-says-142046385.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://finance.yahoo.com/news/tesla-megabull-ron-baron-says-142046385.html","article_id":"2117062475","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/zeXumK6h5sKoGGumZtM0fg--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://s.yimg.com/uu/api/res/1.2/TYDG2Ev2x4ReKVsYu.aq0g--~B/aD00MDA7dz02MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/Benzinga/8e87a6f1ea9af17ed3578df611cfd3c9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2117062475","pubTimestamp":1614867646,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Longtime Tesla Inc (NASDAQ: TSLA) bull Ron Baron acknowledged Thursday morning his fund Baron Capita","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"特斯拉巨擘罗恩·巴伦说，抛售170万股是“痛苦的”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1},"content_text":"Longtime Tesla Inc (NASDAQ: TSLA) bull Ron Baron acknowledged Thursday morning his fund Baron Capital sold 1.7 million shares of the electric automaker despite his long-held belief the stock has a path to $2,000.\nWhat Happened: Baron Capital invested $387 million in Tesla's stock back in 2014 and the position has grown to be worth $5.5 billion in February, Baron said on CNBC's \"Squawk Box.\" Over the past six months, the fund has sold 1.7 million out of its 8-million share position between $450 and $900 a share with an average price of $666.70.\nBaron said many of his friends were skeptical with his original 2014 thesis that Tesla's stock would return 20 times.\n\"We persisted,\" Baron said. \"And at the time we invested, it was unlikely in most people's opinions that electric cars were going to dominate.\"\nRelated Link: Ark More Convinced On Tesla's Autonomous Strategy And Cathie Wood Says A New Price Target Is Coming Soon\nWhy It's Important: The decision to authorize a sale of a stock he believes still has tremendous upside potential was due strictly to profit-taking as the stock's surge means it accounted for an outsized representation in the fund portfolio, Baron said. The fund also used some of the proceeds from the sale to pay down part of a line of credit.\nBaron said it was \"painful\" to sell close to 2 million shares of Tesla's stock as the company's prospects of eventually selling 20 million cars a year is a more realistic outcome. Tesla has so many opportunities ahead, such as the ability to monetize each of the 20 million cars sold by charging a monthly $100 fee for autonomous driving features.\n\"That alone is worth the present price of the stock in 10 years,\" he said.\nSee also: How to Invest in Tesla Stock\nWhat's Next: The billionaire himself said he has not sold a single share he personally owns and is unlikely to do so \"for another 10 years.\"\nTesla's stock traded around $657 a share at publication time.\nSee more from Benzinga\n\nClick here for options trades from Benzinga\nExclusive: Grayscale CEO 'Wouldn't Rule Out' Future Bitcoin ETF Launch In US\n\n© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":320560024,"gmtCreate":1615158124068,"gmtModify":1704778894245,"author":{"id":"3577510395599113","authorId":"3577510395599113","name":"YOLO_HM","avatar":"https://static.tigerbbs.com/3e7bd84c2cc55c1d8baa7fd8df102a86","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3577510395599113","authorIdStr":"3577510395599113"},"htmlText":"Tesla price is too high and I can't imaging those bought at 800 per shares still have the big heart for it to bounce back. This week will be crucial for Tesla cause if it break downward 500, is going to be interesting.&nbsp;","listText":"Tesla price is too high and I can't imaging those bought at 800 per shares still have the big heart for it to bounce back. This week will be crucial for Tesla cause if it break downward 500, is going to be interesting.&nbsp;","text":"Tesla price is too high and I can't imaging those bought at 800 per shares still have the big heart for it to bounce back. This week will be crucial for Tesla cause if it break downward 500, is going to be interesting.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/320560024","repostId":2117062475,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3738602,"gmtCreate":1615169050586,"gmtModify":1680779497936,"authorId":3474273072027739,"author":{"id":3474273072027739,"idStr":"3474273072027739","authorId":3474273072027739,"name":"卡尔洋","avatar":"https://static.tigerbbs.com/b5bb61521c38f41b9c93c2497a4237ef","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":320560024,"type":1,"supId":0,"prevId":0,"content":"什么**水文","text":"什么**水文","html":"什么**水文"}],"langContent":"EN"},{"id":320284472,"gmtCreate":1615116937496,"gmtModify":1704778759061,"author":{"id":"3569805243820041","authorId":"3569805243820041","name":"mcwood","avatar":"https://static.tigerbbs.com/899c12565f32e74966bd8f5ceac09f7c","vip":1,"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":8,"crmLevelSwitch":1,"idStr":"3569805243820041","authorIdStr":"3569805243820041"},"htmlText":"[得意]&nbsp;","listText":"[得意]&nbsp;","text":"[得意]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320284472","repostId":2117062475,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":320350857,"gmtCreate":1615022974979,"gmtModify":1704778251903,"author":{"id":"3576558451806203","authorId":"3576558451806203","name":"cheryltanat","avatar":"https://static.tigerbbs.com/43cc8fe83faade345cc7c942dc54d20a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576558451806203","authorIdStr":"3576558451806203"},"htmlText":"They will buy the dip and hold.. Tricks..&nbsp;","listText":"They will buy the dip and hold.. Tricks..&nbsp;","text":"They will buy the dip and hold.. Tricks..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/320350857","repostId":2117062475,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":367591124,"gmtCreate":1614956722868,"gmtModify":1704777506015,"author":{"id":"3573619902166819","authorId":"3573619902166819","name":"Yongshunn","avatar":"https://static.tigerbbs.com/9012fdd920e4fb2d023488613b795275","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573619902166819","authorIdStr":"3573619902166819"},"htmlText":"Sell now to buy later ?","listText":"Sell now to buy later ?","text":"Sell now to buy later ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367591124","repostId":2117062475,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":10,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2117062475"}