Investor's Corner
Tesla investor Ron Baron has $1.5B in TSLA stock, and that’s not enough for him
Tesla (NASDAQ: TSLA) shareholder and legendary investor Ron Baron would like more money to build an even larger position in the California-based electric carmaker. He also commented on the positive outlook for Elon Musk’s currently-privatized aerospace company, SpaceX.
“I would like to be able to get more money to buy more TSLA actually,” Baron said on an episode of CNBC’s Squawk Box. “I think that what’s going to happen with that stock is that…when people were selling it short for the past ten years, and the stock quadrupled by the way. But for the first nine years, it didn’t change so much. It would go up and go down. But there was a good reason why people were selling it short.”
Baron went on to explain the difficulties of starting an automotive company and keeping it open.
"I would like to be able to get more money to buy more @Tesla actually," says legendary investor Ron Baron. $TSLA pic.twitter.com/sCt9dr4mDu
— Squawk Box (@SquawkCNBC) June 9, 2020
“The reason was that it is very, very hard to start a car company, almost impossible. So you wouldn’t dream that it would be possible to go out there and hire 50,000 employees, and design cars, and raise the capital that you need, and have a brand that everyone knows. Everyone knows the Tesla brand. My grandchildren, who are six and eight years old, they know the Tesla brand,” Baron added.
More impressively, Tesla has never spent money on advertising, but they continue to gain notoriety in the automotive and tech communities. This fact has Baron raving about the company’s potential outlook for the future.
He believes that “there’s ten times more to go” with Tesla, indicating the stock’s growth period is far from over.
Baron invested $357 million into Tesla in 2014, and his purchase has made him money hand over fist. Baron currently holds over 1.6 million shares of pop TSLA stock, worth over $1.5B at the current price of $949.92 per share.
As of June 5, Tesla holdings comprise 4.9% of Barron Opportunity Fund net assets, 20.4% of Baron Partners Fund, and 20.7% of Baron Focused Growth Fund. However, that is not Baron’s only bet on Elon Musk, the CEO of Tesla.
SpaceX holdings, another one of Musk’s companies, comprise 5.7% of Baron Partners Fund and 5.6% of Baron Focused Growth Fund. CNBC says the investment legend owns 814,595 shares of SpaceX. Baron believes that the privately held aerospace company will grow by 20-times within the next ten years.
“That is an amazing opportunity as well,” Baron said. SpaceX recently became the first private entity to launch a pair of NASA astronauts into space during the Crew Dragon Demo-2 mission, which launched on May 30.
Tesla’s stock value has more than doubled since the beginning of 2020. On the first day of trading, the automaker’s price per share was $430.26. It closed at $949.92 on June 8.
Tesla shares soared 7.26% yesterday after news of the automaker’s resurgence of its Model 3 sedan in China. Tesla sold 11,095 units of the Model 3 in China in May, making it the best selling electric car in the country.
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.
Tesla stock (NASDAQ: TSLA) just got a price target boost from its biggest bear, Gordon Johnson of GLJ Research, who raised his expected trading level to one that is 95 percent lower than its current trading level.
Johnson pushed his Tesla price target from $19.05 to $25.28 on Wednesday, while maintaining the ‘Sell’ rating that has been present on the stock for a long time. GLJ has largely been recognized as the biggest skeptic of Elon Musk’s company, being particularly critical of the automotive side of things.
Tesla has routinely been called out by Johnson for negative delivery growth, what he calls “weakening demand,” and price cuts that have occurred in past years, all pointing to them as desperate measures to sell its cars.
Johnson has also said that Tesla is extremely overvalued and is too reliant on regulatory credits for profitability. Other analysts on the bullish side recognize Tesla as a company that is bigger than just its automotive side.
Many believe it is a leader in autonomous driving, like Dan Ives of Wedbush, who believes Tesla will have a widely successful 2026, especially if it can come through on its targets and schedules for Robotaxi and Cybercab.
Justifying the price target this week, Johnson said that the revised valuation is based on “reality rather than narrative.” Tesla has been noted by other analysts and financial experts as a stock that trades on narrative, something Johnson obviously disagrees with.
Dan Nathan, a notorious skeptic of the stock, turned bullish late last year, recognizing the company’s shares trade on “technicals and sentiment.” He said, “From a trading perspective, it looks very interesting.”
Tesla bear turns bullish for two reasons as stock continues boost
Johnson has remained very consistent with this sentiment regarding Tesla and his beliefs regarding its true valuation, and has never shied away from putting his true thoughts out there.
Tesla shares closed at $431.40 today, about 95 percent above where Johnson’s new price target lies.
Tesla (NASDAQ: TSLA) stock received a price target update from Pierre Ferragu of Wall Street firm New Street Research, citing the company’s growing lead in self-driving and autonomy.
On Tuesday, Ferragu bumped his price target from $520 to $600, stating that the consensus from the Consumer Electronics Show in Las Vegas was that Tesla’s lead in autonomy has been sustained, is growing, and sits at a multiple-year lead over its competitors.
CES 2026 validates Tesla’s FSD strategy, but there’s a big lag for rivals: analyst
“The signal from Vegas is loud and clear,” the analyst writes. “The industry isn’t catching up to Tesla; it is actively validating Tesla’s strategy…just with a 12-year lag.”
The note shows that the company’s prowess in vehicle autonomy is being solidified by lagging competitors that claim to have the best method. The only problem is that Tesla’s Vision-based approach, which it adopted back in 2022 with the Model 3 and Model Y initially, has been proven to be more effective than competitors’ approach, which utilizes other technology, such as LiDAR and sensors.
Currently, Tesla shares are sitting at around $433, as the company’s stock price closed at $432.96 on Tuesday afternoon.
Ferragu’s consensus on Tesla shares echoes that of other Wall Street analysts who are bullish on the company’s stock and position within the AI, autonomy, and robotics sector.
Dan Ives of Wedbush wrote in a note in mid-December that he anticipates Tesla having a massive 2026, and could reach a $3 trillion valuation this year, especially with the “AI chapter” taking hold of the narrative at the company.
Ives also said that the big step in the right direction for Tesla will be initiating production of the Cybercab, as well as expanding on the Robotaxi program through the next 12 months:
“…as full-scale volume production begins with the autonomous and robotics roadmap…The company has started to test the all-important Cybercab in Austin over the past few weeks, which is an incremental step towards launching in 2026 with important volume production of Cybercabs starting in April/May, which remains the golden goose in unlocking TSLA’s AI valuation.”
Tesla analyst breaks down delivery report: ‘A step in the right direction’
Tesla has transitioned from an automaker to a full-fledged AI company, and its Robotaxi and Cybercab programs, fueled by the Full Self-Driving suite, are leading the charge moving forward. In 2026, there are major goals the company has outlined. The first is removing Safety Drivers from vehicles in Austin, Texas, one of the areas where it operates a ride-hailing service within the U.S.
Ultimately, Tesla will aim to launch a Level 5 autonomy suite to the public in the coming years.
Investor's Corner
Tesla Q4 delivery numbers are better than they initially look: analyst
The Deepwater Asset Management Managing Partner shared his thoughts in a post on his website.
Longtime Tesla analyst and Deepwater Asset Management Managing Partner Gene Munster has shared his insights on Tesla’s Q4 2025 deliveries. As per the analyst, Tesla’s numbers are actually better than they first appear.
Munster shared his thoughts in a post on his website.
Normalized December Deliveries
Munster noted that Tesla delivered 418k vehicles in the fourth quarter of 2025, slightly below Street expectations of 420k but above the whisper number of 415k. Tesla’s reported 16% year-over-year decline, compared to +7% in September, is largely distorted by the timing of the tax credit expiration, which pulled forward demand.
“Taking a step back, we believe September deliveries pulled forward approximately 55k units that would have otherwise occurred in December or March. For simplicity, we assume the entire pull-forward impacted the December quarter. Under this assumption, September growth would have been down ~5% absent the 55k pull-forward, a Deepwater estimate tied to the credit’s expiration.
“For December deliveries to have declined ~5% year over year would imply total deliveries of roughly 470k. Subtracting the 55k units pulled into September results in an implied December delivery figure of approximately 415k. The reported 418k suggests that, when normalizing for the tax credit timing, quarter-over-quarter growth has been consistently down ~5%. Importantly, this ~5% decline represents an improvement from the ~13% declines seen in both the March and June 2025 quarters.“
Tesla’s United States market share
Munster also estimated that Q4 as a whole might very well show a notable improvement in Tesla’s market share in the United States.
“Over the past couple of years, based on data from Cox Automotive, Tesla has been losing U.S. EV market share, declining to just under 50%. Based on data for October and November, Cox estimates that total U.S. EV sales were down approximately 35%, compared to Tesla’s just reported down 16% for the full quarter. For the first two months of the quarter, Cox reported Tesla market share of roughly a 65% share, up from under 50% in the September quarter.
“While this data excludes December, the quarter as a whole is likely to show a material improvement in Tesla’s U.S. EV market share.“
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