Overview
- Baron said he has not sold any personal Tesla shares and does not expect to sell Tesla or SpaceX in his lifetime.
- He described his net worth as highly concentrated, with roughly 40% in Tesla, about 25% in SpaceX, and around 35% in Baron mutual funds.
- He noted that Baron Funds previously trimmed about 30% of its Tesla position for clients, while his own holdings remained untouched under a pledge to exit after clients.
- He characterized the current tech selloff as a chance to seek bargains rather than a reason to sell.
- He said he has made about $8 billion from Tesla over the years and believes his returns could increase severalfold over the next decade, while Tesla shares trade well below their 52-week high.