Billionaire investor and fund manager Ron Baron joined CNBC yesterday to talk about his firm’s position on Tesla (TSLA) and if he knew something about Elon Musk’s focus on his businesses.
Baron Capital holds a large position in Tesla (TSLA). Throughout the years and at difficult times the American electric automaker has faced, Ron Baron said he never sold a single personal share. “I’m the last in. I’ll be the last out,” Mr. Baron said.
As he’s answerable to his investor clients at Baron Capital, his financial firm sells and buys Tesla shares from time to time. Depending on the market situation, Ron Baron’s company cuts its position at Tesla (TSLA) if the share becomes too large and the investors become more concerned about the position.
The more interesting fact that Ron Baron told during his talk with the CNBC Squawk Box hosts is Elon Musk’s constant engagement and focus on his companies.
Because Musk’s activities in Washington, DC are very much highlighted in the mainstream media, it gives the impression that he is not focusing on his businesses anymore.
Being an institutional investor at both Tesla and SpaceX, billionaire investor Ron Baron has the privilege to know what’s happening at these companies. Mr. Baron confirmed that Musk appears at every Starship meeting held at SpaceX, even though he has to fly thrice a week to Starbase, TX or SpaceX HQ in Hawthorne, California.
Aside from the Starship program, Elon Musk regularly appears at important meetings on Falcon 9 and Starlink launches as well. This is an excellent time management and focus lesson from the CEO of Tesla & SpaceX.
He shows up at all his meetings. He’s more charged-up about his business now than he’s ever been
Ron Baron on Elon Musk
Are things going along fine with SpaceX, asked the CNBC host. Ron Baron replied:
I ask about that regularly, I ask about succession, ask about how the management is going — and whether he’s showing up. And he’s showing up.
I mean — unbelievable that he’s doing all the things that he has in Washington.
I was talking to someone who’s a financial executive at SpaceX, I guess that was last week. She was telling me that when there’s an issue with something with Starship, which isn’t working yet but making incredible progress. I mean there may be three meetings a week — he’s in every one of the meetings.
And everone tellls me the same thing, he’s more charged-up about his business now than he’s ever been.
Ron Baron also hinted that Tesla is currently working on new products. In the middle of the year, the automaker is going to introduce new refreshes (Model S & X refresh is due this year, along with the smaller, more affordable Model 2 based on the Cybercab platform).
Answering about the declining Tesla sales in Europe, Ron Baron simply answered that the best-selling Tesla Model Y production hasn’t yet begun at Giga Berlin. It’s not that the demand for Teslas is not present in Europe, it’s just that people are waiting to get the deliveries of the new Model Y Juniper in the region.
Ron Baron is a longtime Tesla bull. As he believes in Elon Musk’s vision and mission statements of his companies, he is willing to stand with the tech visionary till the end.
I’m the last in. I’ll be the last out
Ron Baron pledges to stand with Elon Musk, Tesla, and SpaceX
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 bull Ron Baron unveils that Elon Musk is even more focused on his businesses (Tesla and SpaceX) despite his duties in Washington DC as DOGE advisor.){kind=link}