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Benzinga
Benzinga
Business
Robert Kuczmarski

This Billionaire Tesla Investor Says Fed's Dollar Devaluation Is 'The Right Thing'

Baron Capital Investments has more than $39 billion in assets under management and its top investment in its focused growth fund is Tesla Inc (NASDAQ:TSLA), accounting for roughly 22.3%.

Since founding Baron Capital in 1982, Ron Baron, CEO and manager of the funds had been heavily invested in shares of Tesla. Back on Oct. 27, 2021, Baron joined CNBC’s "Squawk Box" to reveal his roughly $6 billion profit in Tesla, which he bought seven to eight years prior for a cost basis of $42.88 each.

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