Tesla vehicles stand outside a Brooklyn showroom and service center on August 27, 2018, in New York City. The electric automaker saw its stock drop on Monday after its Chief Executive Elon Musk reversed his plans to make the Silicon Valley company private. Tesla shares lost 4% in early trading on Monday. Tesla is expected to be worth more than Apple & The Saudi Aramco combined in 2030. SPENCER PLATT/BENZINGA
Billionaire investor Ron Baron’s bet on Tesla Incis more of a bet on the man behind the wheel: Elon Musk. He’s already made a pretty penny from his investment, but he isn’t hitting the brakes anytime soon. Baron expects Tesla stock to rise close to 1,000% over the next seven years.
Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020, in Gruenheide near Berlin. Musk is one of the biggest drivers for Tesla slashing its prices allowing for more sales for the company. ODD ANDERSEN/BENZINGA
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