Tesla Stock Will Gain 550% and SpaceX's Valuation Will Triple By 2030 Under Elon Musk's Leadership, Top Investor Says

Markets Insider01-29

Fund manager David Baron broke down his highly bullish views on Elon Musk-led Tesla and SpaceX.He told Bloomberg Tesla can soar 550% and SpaceX can triple in valuation by 2030. Both companies were the...

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Comments

Newbie_Alvin
01-29
Newbie_Alvin
Joke.
LowZackM
01-29
LowZackM
Agreed!!
JYKL
01-29
JYKL
Does this mean that the target price is based on the person, and not the business? Doesn't sound good to me
Agxm
01-29
Agxm
He is not going to do anything to stupid.😂😂😂 one of the stupid thing he do it buy twitter for 54 billion, making people pay for blue tick etc.
denf
01-29
denf
A layered dome structure for Mars would be a multi-layered PET (maybe), with fibre glass, magnets to repel solar flare? Etc. I know someone out there knows what I mean. Let's go research
denf
01-29
denf
E.g. similar to Apple Marina Bay Sands Singapore

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It indicates the ability to send an email.A stylized bird with an open mouth, tweeting.An image of a chain link. It symobilizes a website link url.He told Bloomberg Tesla can soar 550% and SpaceX can triple in valuation by 2030.Shares of Tesla have tanked this week following a downbeat earnings outlook, but fund manager David Baron remains bullish on Elon Musk's carmaker, as well as his rocket-producer SpaceX.He forecasts Tesla stock to gain about 550% to hit $1,200 a share by 2030, and for SpaceX to triple in valuation over the same period, according to a recent interview conducted by Bloomberg.Baron runs the Baron Focused Growth Fund, which counted Tesla and SpaceX as its largest holdings as of December 31, 2023. 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The fund climbed 28% in 2023, outperforming the S&P 500's gain of 24%.Baron told Bloomberg that the growth outlook for Musk's companies remains strong, even if it has moderated from previous calls.\"While he may not be growing 50% a year as the company thought, this year in a tough environment he's still growing volume by 15% to 20% per year and making us $7,000 per car of gross profit,\" Baron said.His comments come on the heels of a rough week for Tesla, which reported revenue and profit that lagged estimates, and warned of a production slowdown in 2024. The stock tumbled 12% on Thursday following the results and a tumultuous earnings call one analyst called a \"train wreck.\"\"This was the most sobering outlook I have seen from Tesla,\" Gene Munster, the managing partner at Deepwater, said in an interview with CNBC Wednesday. Meanwhile, Baron expects SpaceX's valuation to increase by 20% this year. Longer term, he sees it doubling within three years and tripling by 2030. Bloomberg previously reported the company is worth more than $175 billion.The Tesla allocation in Baron's fund is critical for his ambition to boost his total assets to $2 billion, up from current levels of about $1.3 billion.One reason Baron is so bullish on Musk is that the world's richest person still holds a significant stake in his companies. Baron says he looks for such ownership levels when deciding where to invest.\"[Musk's] interests are aligned with ours,\" Baron maintained. \"He's not going to do anything stupid to change the trajectory of the companies.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":268359362441296,"gmtCreate":1706540476163,"gmtModify":1706540480357,"author":{"id":"3579074367224643","authorId":"3579074367224643","name":"Newbie_Alvin","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":8,"crmLevelSwitch":0,"idStr":"3579074367224643","authorIdStr":"3579074367224643"},"htmlText":"Joke.&nbsp;","listText":"Joke.&nbsp;","text":"Joke.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/268359362441296","repostId":2406084555,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":268165531824232,"gmtCreate":1706501168478,"gmtModify":1706501172604,"author":{"id":"3573568310387546","authorId":"3573568310387546","name":"LowZackM","avatar":"https://static.tigerbbs.com/768e9ec80d5d9568297fe487c4b4c95a","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3573568310387546","authorIdStr":"3573568310387546"},"htmlText":"Agreed!!","listText":"Agreed!!","text":"Agreed!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/268165531824232","repostId":2406084555,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":268144301764680,"gmtCreate":1706495970877,"gmtModify":1706495975266,"author":{"id":"3574929705302178","authorId":"3574929705302178","name":"JYKL","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574929705302178","authorIdStr":"3574929705302178"},"htmlText":"Does this mean that the target price is based on the person, and not the business? Doesn't sound good to me","listText":"Does this mean that the target price is based on the person, and not the business? Doesn't sound good to me","text":"Does this mean that the target price is based on the person, and not the business? Doesn't sound good to me","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/268144301764680","repostId":2406084555,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":268141715136784,"gmtCreate":1706495360828,"gmtModify":1706496382978,"author":{"id":"4094526733194150","authorId":"4094526733194150","name":"Agxm","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4094526733194150","authorIdStr":"4094526733194150"},"htmlText":"He is not going to do anything to stupid.😂😂😂 one of the stupid thing he do it buy twitter for 54 billion, making people pay for blue tick etc.","listText":"He is not going to do anything to stupid.😂😂😂 one of the stupid thing he do it buy twitter for 54 billion, making people pay for blue tick etc.","text":"He is not going to do anything to stupid.😂😂😂 one of the stupid thing he do it buy twitter for 54 billion, making people pay for blue tick etc.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/268141715136784","repostId":2406084555,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":268140269432952,"gmtCreate":1706495114404,"gmtModify":1706495119388,"author":{"id":"3543278532010317","authorId":"3543278532010317","name":"denf","avatar":"https://static.tigerbbs.com/9f6a9742a15ee7c865f899b5371f024d","vip":1,"hat":"https://static.tigerbbs.com/1c1eed764d9c7ff83dc093fbb9a96bc2","crmLevel":2,"crmLevelSwitch":1,"idStr":"3543278532010317","authorIdStr":"3543278532010317"},"htmlText":"A layered dome&nbsp;structure for Mars would be a multi-layered PET (maybe), with fibre glass, magnets to repel solar flare? Etc. I know someone out there knows what I mean. Let's go research&nbsp;","listText":"A layered dome&nbsp;structure for Mars would be a multi-layered PET (maybe), with fibre glass, magnets to repel solar flare? Etc. I know someone out there knows what I mean. Let's go research&nbsp;","text":"A layered dome structure for Mars would be a multi-layered PET (maybe), with fibre glass, magnets to repel solar flare? Etc. I know someone out there knows what I mean. Let's go research","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/268140269432952","repostId":2406084555,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":268140236808264,"gmtCreate":1706494978457,"gmtModify":1706494983214,"author":{"id":"3543278532010317","authorId":"3543278532010317","name":"denf","avatar":"https://static.tigerbbs.com/9f6a9742a15ee7c865f899b5371f024d","vip":1,"hat":"https://static.tigerbbs.com/1c1eed764d9c7ff83dc093fbb9a96bc2","crmLevel":2,"crmLevelSwitch":1,"idStr":"3543278532010317","authorIdStr":"3543278532010317"},"htmlText":"E.g. similar to Apple Marina Bay Sands Singapore","listText":"E.g. similar to Apple Marina Bay Sands Singapore","text":"E.g. similar to Apple Marina Bay Sands Singapore","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/268140236808264","repostId":2406084555,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":13,"commentSize":9,"repostSize":8,"favoriteSize":3,"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/2406084555"}