Watch CNBC's full interview with billionaire investor Ron Baron

Ron Baron, chairman and CEO of Baron Capital, joins "Squawk Box" to discuss his thoughts on Tesla, the various wealth tax policies proposed by Democratic presidential candidates, his top market bets and more.
Billionaire investor Ron Baron believes Tesla has the potential to hit “at least” $1 trillion in revenue in 10 years and continue to grow from there.
“It’s nowhere near ended at that point and time,” he said Tuesday morning on “Squawk Box.” “There’s a lot of growth opportunities from that point going forward.”
Baron, whose eponymous investment firm holds nearly 1.63 million Tesla shares, said Baron Capital will not sell a single share of company. Tesla’s recent run, he said, is “just the beginning” as he believes the company “could be one of the largest companies in the whole world.”
Tesla’s stock has climbed nearly 220% in the past six months, including roughly 86.5% this year. The company’s market cap is now more than $140 billion -- nearly triple that of General Motors but below Toyota Motor at roughly $227 billion.
The stock closed up 19.9% on Monday at a record high $780 per share. Shares were up more than 15% in premarket trading Tuesday to about $900 per share.
Craig Irwin, senior research analyst at Roth Capital, on Tuesday said at some point “reality is going to set-in” for Tesla, which is why he has a sell rating for the company and a price target of $350.
“I can’t believe this freaking stock. It’s insane,” Irwin said separately on “Squawk Box.” “It’s fear of missing out.”
Irwin said Tesla is “a good company” with “sound” financials, however he argued that traditional automakers will eventually catch up to the California company.
“This is a company that will see decelerating sales,” Irwin said.
Despite the volatility of the shares and “some self-inflicted wounds” by Tesla CEO Elon Musk, Baron on Tuesday said his faith in the company “was never shaken.” He said, if it were solely up to him, his firm would buy more shares of the company.
Even if Tesla’s stock hits $900 or more a share, Baron said he would not want the stock to split: “I don’t think that it’s a great idea to split stocks.”
Baron said he was OK investing in Tesla and Musk even if he didn’t make money because what he is doing well for the world. He also saw no downside because Tesla could also be bought.
As of Monday’s close, Baron’s Tesla stake was worth $1.3 billion. He said he accumulated the Tesla shares at an average cost of $219 each.
Investors betting against Tesla’s stock have lost more than $8 billion since the beginning of the year, according to data from S3 Partners, including nearly $2.5 billion in losses on Monday’s surge alone.
In 2018, Baron made headlines by saying Tesla could generate $1 trillion in revenue by 2030. Tesla’s revenue was $21.5 billion in 2018, up from $11.8 billion a year earlier. It reported revenue last week of $24.6 billion in 2019.
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[@bbdog141414]

My father put me in Ron's Baron Partners Fund when i was a child which currently has 13% holding in Tesla. The fund was up 46% last year and 18% YTD. I sleep well knowing Ron is managing my money!

[@bbdog141414]

@Burninmyleather Baron partners is a mutual fund which he set up as a UTMA account and once i turned 21 it was transferred to my name.

[@ZoranV80]

Lehmans funds were 30 - 40% plus in 2005 and 2006.

[@unusuario5173]

What's the code of the fund?

[@AshleyWilliams-by2so]

George Washington kzbin.info/www/bejne/aGbYfpV9iaZphq8

[@clarifyingquestions]

@NibiruLives solid parenting

[@AGL23]

Why didn't I listen to Ron when he said he's buying TSLA years ago? DAMN!

[@PixieDusted72]

It is not to late. The split happened 2 weeks ago. Tesla is FAR from done. So many plans in the works. Elon is is genius that won’t stop until he implements Nicola Tesla’s magnetic energy to cars.

[@UziGameGP]

​@@PixieDusted72you were right

[@Sean-lz1zz]

She asked twice, “are you selling”. NO, he’s not selling!! He wants to buy more!

[@Vivra_Verra____]

Love this man. He has always know what he was talking about, especially on Tesla. Listen to people like him, a real investor, not some random analyst.

[@briandesouza2993]

Emma Bell buy and don’t sell 🙏

[@FighterFlash]

Buy cheap and don’t sell

[@jamesblanton9785]

Emma, it's a good thing you 'get it', because many do not.

[@nickzivs]

Honestly anyone chasing this move would be stupid to heed your advice. This stock will suffer a mean reversion and it will hurt. I dunno though, hold it for another few years and see how it goes. IMHO you are going to see a lot of profit come and go.

[@niranjankotha8974]

adbhutam jarugutunnappudu evaru gurtinchaleru adi jarigaka gurtinchanavasaram ledu

[@vmfan96]

It's always a pleasure listening to Ron. So much knowledge.

[@QueLastima]

What practical, actionable thing did he say that would tell you to invest in a particular sector or ticker?

[@MT-nc2xj]

Baron is one of a few big-fund managers who gets it. No wonder why people call him a legend.

[@zelareka]

dumb people admire con artists

[@TH-du8nc]

How is he a con artist ? Lol...

[@TechieTard]

Timothy H He’s dumb, he’s just not aware of it because he’s dumb, lol!

[@GeorgetheArchitect]

Ron Baron bought most of the stocks in 2008/2009 and has held on.. So, yes he has shown temperament but he charges 2 % for his fund for all the promotion he does via CNBC. Like most folks in Wall Street, he makes money by marketing and promotion of his portfolio

[@zelareka]

@@TH-du8nc keep buying tesla and find out, dont need to believe me

[@stephensmith7322]

I can't believe how dense these cnbc analysts are!! They are sitting there thinking that they are smarter than Ron Baron. How do these people get their jobs??? I only have 4 shares of Telsa, but Mr. Baron has convinced me to hold on to them.

[@johnristheanswer]

@Kuil hindsight is wonderful , isn't it ?

[@stephensmith7322]

Dear Kill, Thank you for your sage advice. You see, I am a novice at investing. I have only been investing in mutual funds since 1978, commodities since 1992, stocks since 2008, and crypto currencies since 2018. As you can surmise, I am a "newbie". By the way, you also could have suggested that I keep my shares and buy Put options on TSLA if I felt that there would be a temporary pull back. That way, I could keep my shares and make money on a temporary downturn. Thanks for your suggestions. They are greatly appreciated. Next time you forecast a market downturn, let me know.

[@duudleDreamz]

Ron Baron gets Tesla, smart guy!!

[@sagarmeena0210]

I invested in TSLA when Ron recommended in 2014...thanks for the recommendation Ron

[@TECHN0]

Nikola Tesla 😂😂

[@learnsomethingneweveryday1539]

Well done. Unfortunately,I listened to the naysayers even though I believe that Elon Musk is an incredible person

[@joebloe1401]

EXCELLENT INTERVIEW - for a change!!!

[@johnmacri7440]

This guy is brilliant. Absolutely brilliant. He holds long term the only way to make real money

[@chrissalley9468]

Smart guy. I'm long on Tesla too. It will easily be a couple of thousand dollars per share 10 years from now.

[@mahmoudsobhyx]

less time, if elon delivers and I think he will, it will be a double amazon size operation in 2 years

[@chrissalley9468]

@@mahmoudsobhyx I agree. I was being generous with the time frame. China is buying his stock. Its going to be the largest company ever

[@sunnyp710]

It will take a lot of hard work from the Tesla team to get there

[@Doitgood52]

ARKInvest think $25,000 by 2024 = their optimistic bull case.. fingers crossed 🤞

[@Reathety]

And Bitcoin will replace the dollar...

[@shawnl3151]

Sell? not a share. This guy is a real investor not trader

[@sprite2k]

have you looked into his trading history? he did sell some.

[@DeLaCruz878]

Major L

[@jfj138]

Ron is a wise man with vision !

[@QueLastima]

He's a rich man with three Teslas. And when one of the Tesla's didn't have a makeup mirror, he picked up the phone and called Elon. As far as I can tell, nothing he says has any direct relevance to me personally or my investing strategy.

[@soulmate805]

Can someone please ask Elon Musk to smoke weed in public like he did on Joe Rogan podcast. I need Tesla stock to drop to get in. Lol

[@rlopez2626]

Snort cocaine and it will really drop!

[@SuperMadpom]

@@rlopez2626 Buy cocaine from the FBI and he could be the next Delorean (Delorean was found not guilty because of entrapment laws).

[@richi5549]

i bought just that moment

[@soulmate805]

Richi Rich Lucky u. I wish I have listen to Catherine Wood a few years back when she said Tesla is not just an auto company. It’s a innovation company.

[@richi5549]

@@soulmate805 it was obvious.listen to your heart and ignore the prices.but now u know this. look for future developments in other promising companies and buy them low

[@leverageearnings8387]

People know the price of everything but the value of nothing

[@nicholasleonardo4788]

Best interview I've ever seen on CNBC

[@ant9149]

Do "you understand the question" says the person who is a part time reporter.....to a guy up multiple times after extensive analysis..... insulting

[@NicholasShanks]

That can be taken two ways: “Are you so stupid you can't understand a simple question?” or “Did I phase that question well enough for it to make sense to you, or should I try again?”

[@QueLastima]

What practical, actionable thing did he say that would tell you to invest in a particular sector or ticker? Last year or this year? He's a very rich man with three Teslas. Good for him. I don't hate the player. And when one of the Tesla's didn't have a makeup mirror, he picked up the phone and called Elon. As far as I can tell, nothing he says has any direct relevance to me personally or my investing strategy.

[@ant9149]

@@QueLastima good luck to you. The guy doesn't owe anybody anything.....but he deserves to be respected as he did the interview at their request. He's a smart guy.

[@sunnyp710]

4:23 no hesitation- he's not selling a single share.

[@taks6738]

@Double Tap I don't understand if he think Tesla is going to be a trillion dollar company. then he should invest his son and grand grand grand kids money into the stock right now. Not on tv telling people how awesome Tesla will be.

[@TWWIW]

CNBC just loves to interject negativity and bearish questions... They hate to see this company do well since they talked trash about it for years... questioning every Tesla bull they bring to the show.

[@eliteviktor3]

Gets him to talk about important issues tho.

[@TJ-nt3tw]

Ron Baron your a legend. Peace

[@Nooblade]

Thanks CNBC, great to post the full interview. When are you going to give Gali his victory lap? Invite Carlton the fool (Gordon Johnson) to see him burst a vein!

[@joebloe1401]

Are you referring to HyperDork Gali from DyperChange? The nerd had a breakdown in his last interview and began sulking about being interrupted. I bet he had a good cry afterwards. Doesn't he live in his momma's basement with his pet iguana and a stack of extremely sticky porn mags?

[@ramblerandy2397]

@@joebloe1401 I have no great cause to defend him, but for a Hyperdork he has taken multiple bets with Tesla Shorts and won them all. If that's being a nerd then perhaps being a nerd ought to become fashionable. He's running a rather fast growing successful KZbin channel now too, I believe.

[@natron8314]

I believe in tsla as far as passenger vehicles. Semi truck replacements are just not a possibility with current batteries. I also still don't see how people are going to wait 20 mins to recharge. If you had to wait 20 minutes at a gas station every time you wanted gas you would flip out.

[@SmashKing17]

I buy10 dollars a day everyday fractional shares baby love it up 56 percent its beautiful

[@grasshopper1153]

Instead of a tax, it should have been a wealth redistribution to employees of these wealthy companies. Instead, it will go to people who may not deserve it.

[@urthpainter]

his excitement and energy makes investment talk interesting. probably also helps that he discusses facts, with logic to an end

[@z-man7883]

TSLA market cap is over $1 trillion now. Looks like he was right.

[@F.Krueger-cs4vk]

China is the largest manufacturer of electric vehicles. There are 486 registered electric vehicle manufacturers in China. China manufactures 99% worlds electric buses.

[@foreverinteriors]

j t very true including buses for the North America market. Buses are most logical of paths for EVs. But most of their electric car manufacturers focus on the volume low cost market as such the sophistication and quality are on par with a 1973 pinto. The Chinese government is no longer handing out big subsidies therefore most will go the way of doe doe.

[@evgenyzak2035]

It’s obvious that 99% of these companies will disappear soon.

[@danothemano350]

This aged well

[@oldcat87]

Ron is so level headed. A true smart guy.

[@heltok]

23:30 the more he speaks the more the price rises!

[@stevendrysdale1067]

I love watching CNBC squirm.

[@lionel2909]

Imagine how much Ron believes in Tesla. He owns insane amounts of shares and made a lot of money but won't sell. This is a real investor where we can learn alot from. I only listen to Ron, Warren Buffet and Charlie Munger. They are the best investors that ever lived

[@rainerbuechse6923]

„we focus on business, not stock price“: thanks!!!

[@maxtruong187]

@bizkitgto tesla does make quarter profits. Q4 2019, Tesla was the only us car maker that got profit. The real thing here is the cost of battery, Tesla are already about to use Maxwell battery techs to make battery for efficient and cheaper than any one before. Everyone is saying tesla not making money. Wait a few years and all will miss the train. Tesla right now already secured the hold world battery supply chain from the Chinese, LG, Panasonic. Make sense if you actually research deep and understand.

[@maxtruong187]

@bizkitgto I didn't say you wrong. I'm just give my opinion why many do not think the same as you and invested long term in Tesla.

[@kounteen9538]

peace keeper ...speak for yourself

[@myaccount74]

@bizkitgto if people are to be convinced they would have been already, lessons are learned through pain.

[@jamescoppe]

[@lookgd]

Gonna name my dog Baron, I love this guy

[@dobermanguy9437]

Nothing but a greedy jewboy who's got plenty of money but just don't know when to retire I can't stand people like this

[@X862go]

That lady is so pissed Tesla is doing well 😅😅😅😅

[@Son-of-Krypton]

This man is so bullish on Tesla....surely he will become a trillionaire !

[@charlech]

That's a stretch. Only Elon deserves to be a trillionaire.

[@danf8721]

How long have you been a kiss ass?

[@kenbarrett7576]

His investment company is already there with almost 1.63 million shares of Tesla.

[@jaybee3165]

all valid points. this guy GETS it.

[@winstonsmith-ministryoftru1609]

Dude looks like a James Bond villain.

[@bossbitcoin8606]

The digital markup is always a pain in the ass but with pro traders like Gwen I buy them so hard. It’s no doubt a reliable online creation stream.

[@barbaratam4225]

What a great person with awesome personality you just mentioned, she’s the reason I believe in Digital marketing with 20BTC I’ve made 60BTC and counting.

[@bradmeier5117]

Great job Gwen keep it up 👍

[@bossbitcoin8606]

[phone]

[@bossbitcoin8606]

@gwenemily

[@bossbitcoin8606]

Hit her up on WhatsApp and telegram always quick response

[@haitianolocoporlaO]

looking back on time this (2022), Ron was so right, tesla has almost 20B at the bank- almost 1MM cars- more than 50% YoY- amazing!

[@marcostation1000]

the hipe before every market crash, is so telling.

[@alexanderlorenzo7140]

in order to make profits in the stock market, one has to have a good strategy and proper knowledge of how the holders manipulate the market.

[@alexanderlorenzo7140]

@Anders Walker I invest with my broker Sir Phillip, i have recorded 4wins and 0 losses so far, he is a genius.

[@alexanderlorenzo7140]

@Anders Walker Here, you can go write him at

[@samuelbarth-ibe6612]

Stock trading is very profitable especially when you have an expert handling your trades, you just earn from the comfort of your home

[@V9V5]

Media hype as well

[@MayankBadhan]

10 million cars a year?!?!?

[@darshuetube]

isn't the wealth tax is taking money from personal wealth and not the company money? And it is only 2 or 5 cents on a dollar after 50millions of personal wealth or holdings? Personal wealth is separate from company money right? So how does wealth tax impact company operation?

[@smhninja3746]

They're digging for him to say something negative lol

[@michelangelobuonarroti916]

The wealth tax is a bad idea, but something needs to be done about the obscene wealth gap. I prefer Andrew Yang's VAT and Dividend plan. By far the most sensible solution, IMO.

[@unusuario5173]

Thing is that wealthy people invest. The rest of the population, doesn't.

[@paulmcgreevy3011]

Michelangelo Buonarroti .....wealth is never obscene, people’s attitude to it is obscene sometimes born out of jealousy and resentment or ignorance. Reducing the wealth gap is irrelevant, reducing poverty is what is important and it is not achieved through confiscation but through increasing opportunity and preventing corruption.

[@WorldwideJamal]

Agree but how we pay for it?

[@djwaters22]

Crazy to think as i rewatch this, we are hugging $1400.

[@Yashu7]

Try 1500

[@IronMan-wz8dx]

@@Yashu7 1750

[@rlee82]

1860

[@Yashu7]

R Lee 1900

[@rlee82]

@@Yashu7 2045. Wow.

[@DocUltimate]

God bless Ron Baron. 🙏🏾

[@robertg1556]

It doesn't have to become the next Toyota, It has to remain Tesla!

[@shingnosis]

The segue from Tesla into taxes was pretty cringeworthy.

[@phoenix5054]

How come? He wasn't against higher income taxes, which seems reasonable, but against wealth tax?

[@maximilliandirnfeld2442]

shingnosis He is so right

[@AlexSzymk]

28:30 best part of interview from both sides they make good points even though they are adding emotion to investing

[@sadigov]

She said Elon was under *duress* when he said some things. Not sure she knows what duress means. CNBC is such a joke.

[@croninsiglos9855]

I believe it's you that doesn't know what it means.

[@Sean-rj1ci]

Can you tell the rude anchors to let the guy finish his response before cutting him off! I want to hear what he has to say!!!

[@JIWC]

CNBC Panel looks defeated...

[@gfsrow]

Taxes must increase, which could - should - be a return to Eisenhower taxation, and/or a significant VAT. UBI is coming, not to mention that the U.S. has been living beyond its means for decades.

[@edalexander9361]

His company holds 1.63 million shares in Tesla. You figure it out. He would say anything to pump the stock up

[@TJ-nt3tw]

He doesn't need to pump the stock. He's a billionaire. 'HELLO'

[@heinzbucksandcastle2053]

Ron Baron is a futurist. He understands what the world will look like in 15 to 20 years.

[@ancientkid1635]

THE FIRST CAR EVER MADE WAS ELECTRIC

[@goat7844]

That’s not true. Do your homework on the subject.

[@mainlawcafewv7681]

The first car ever made was made in Bedrock and had no floors and was foot powered by Fred Flintstone.

[@mainlawcafewv7681]

@@goat7844 He's home schooled.

[@ramblerandy2397]

Much as I love electric cars, and indeed they are much, much older than many people think, the first car was powered by steam, around 1769. First conventional ICE car was around 1885, with the first BEV, 4 years earlier, around 1881. Interestingly, the first direct ICE Hydrogen car was around 1803. Also interesting, the hydrogen fuel cell principle was discovered in 1838. Just imagine what the world would be like now if we had decided against fossil fuels and gone with, and developed, the quieter and more reliable battery/electric technology from back then?

[@scotttisdale2773]

Ron. Always spot on. Very bright guy.

[@ramonbenito9840]

BARON IS A VERY GOOD EMPLOYER. LOVE YOU RON BARON. YOU ARE VERY WISE.

[@BeyondTheStockPrice]

Agreed. Tesla itself is an ENERGY company, not a CAR company.

[@joefunk76]

Has 1.36 million shares and not selling a single one. Looks like he still has the same smarts that compelled him to bet $300 million in the first place.

[@WorldwideJamal]

Put his money where his mouth is.

[@healthygrowth7760]

That had to be a deep moment.... When elon told this guy he believed he could be an Egyptian dancer..

[@MayankBadhan]

😂

[@ml5323]

that's ridiculous, tesla is worth more than Lockheed martin lol the cars are so smart they'll protect our nation lmao

[@chase001]

All billionaires are psychopaths. Seize their wealth!

[@anothersucker-Youcantfixstupid]

Rons a legend.

[@reidordieinvesting3615]

10 years? Its already half way there

[@henryzhang9915]

I love to see Elon on CNBC one day and they kiss his ass. Also when Warren Buffett buys TSLA.

[@nitishkannan2919]

Henry Zhang Warren Buffett won’t be buying Tesla because they don’t pay dividends yet

[@toney5043]

@@nitishkannan2919 Not only that, BH is heavily invested in China's BYD, the largest electric car and electric bus company in China. They are a direct competitor to Tesla.

[@boluc4725]

If buffet funds start to buy telsa you could retire if you invest in telsa now same like apple

[@AdamBeyond]

@@nitishkannan2919 buffet owns plenty of companies that don't pay dividends, warren buffet invest on growth and value he doesn't give a crap about dividends lol. He wont be investing in TSLA because its price today is too expensive given their future cashflows.

[@foreverinteriors]

he has stocks in the company... he's promoting the company... the numbers are impossible... his assumption is that all other car companies and suppliers with million of engineers can't and wont make an electric car? This guy doesn't even know the volume of cars Toyota makes (10.7 Million) he said 13 million... he's not an auto analyst , just some financial guy promoting his stock... Soon as he walks out he will thank them for the free commercial .

[@Russ15076]

I just dont understand where all the consumers are with all the money to buy these expensive cars. The us family makes 75000 a year With housing, and other expenses, debts, and taxes, where is the demand coming from to support the supposed demand thats coming in the future?

[@joebloe1401]

And the $75,000 is before taxes. So it's obviously the ABOVE AVERAGE American who is buying the cars!!! And if the average American owned shares of Tesla they may now be able to afford one of their cars!

[@kemollen]

Doing the happy dance, Sorry... I meant: Doing the Elon Dance!!!:)

[@jamesblanton9785]

The official name is The Elon Shuffle.

[@Taxia123]

Fantastic!

[@jaymarkkabo2626]

The moral lesson here is to hold on when you know you're doing the rigth thing even things go left.

[@Muskar2]

I had a similar revelation a few years back when I heard Buffet shared a story of buying-and-holding through the '08 crash, because if you're betting on the long-term, looking at fundamentals, then all the near-term gains and losses becomes mostly noise. I bought my first $tsla shares at around $300 because I just had to get the stock before it blew up (which took a few years more than I thought it would). A part of me wishes I had a crystal ball and bought everything in June last year instead. But I realize that my primary advantage is my strong confidence in the long-term, so I shouldn't get caught up in what-if's. Buy any time if you think the risk vs reward is worth it in the long-term. That seems to be all there is to it.

[@AmazianLinsation82]

jay mark kabo As Wilson Philips song: Just Hold’on...hold’on for another dayyy!

[@gracecarter5152]

Binary options and forex trade is absolutely the best investment you can make now, i just made my first profit of 14,780 Euro.

[@danyakacee5383]

My profits was $8000 after a week

[@violetkai3225]

Wait, Andrew Feldstein?

[@zainaali4399]

Wish I had all this information when I was 16 😪!!! anyone with a recommended trader please I want to invest and go Into Trading's as well.

[@sandraproctor4817]

I think Mr Andrew Feldstein must be a genius for people to talk about him, heard about his profitable strategies by other brokers as well .

[@camilamoses3114]

That's true he must be the real deal for people to be recommending him, I think I will give a trial and see how it goes.

[@masterkangsunbaetv2340]

Hello. Thank you for watching good information.

[@philippalex_]

And now the stock is at $1500 per Share...

[@seancullen99]

I’m always suspicious of an investor touting a stock. If I was confident in a stock then I would not be publicly promoting it as I would be confident of it rising on its own merit and would be keen to have it stay cheap for as long as possible so I could buy more at a good price.

[@RawandCookedVegan]

Retail folks who have understood & supported Elon's plan have stayed with Tesla.

[@timmelcer3094]

Sales pitchs !!! Be sure to buy buy buy all the stock you can , you'll become rich , thats what life is all about , don't be deceived !

[@paulogabrielferreiralage3632]

Why the govern spend better their income taxes??? Why tax who work for your wealthy honestly??? If there was not honestly, sue them!!!

[@albeit1]

The wealth tax sounds like it's the same as the death tax. Except that it's every year.

[@octhx]

1:55 Revenue growth

[@tibsyy895]

I am not a Tesla fanboy but rather a rational investor. Tesla is not my cup of tea when it comes to investing because I am looking for less risky investments. However, I see a tremendous growth opportunity. Regular car manufacturers are a decade behind in software, drivetrain, battery technology, and electric engine. Tesla is building here a complete empire! Regular automakers won't have too much chance, to be honest! Now it's clearer than ever!

[@michaelmcdonald4442]

Wooooow, i gonnna sell all my gold and silver and buy some tesla.

[@adalmartinez2340]

Wait for the starlink ipo

[@mehdinikui935]

Hope you didn’t do it.

[@allenmoody7527]

Mehdi Nikui I hope he did do it

[@TheJ000ker]

What could go wrong?

[@jkroiss]

Rideshare, battery, solar, cars, software upgrades

[@x8263]

I find it amazing with people like this. People just don’t get it, the U.S is on the edge of collapse. Interest rates at near Zero, and the fed can never attempt to raise them because of the insane amount of debt building up in the U.S. The fed is also back on a cycle of printing money into the system, and this time the money printing will never stop. Record levels of debt in all sectors 23 trillion national debt that is exploding, massive debt in the housing market, student loans, credit card market, auto loan market. In every sector there are record levels, and they are just exploding. The fed is going to print money until the currency is destroyed. My opinion, the U.S. is only a few years away from the worst crisis we have ever seen. People are not going to be thinking about buying a new car, but more concerned with eating every day, and that future is getting closer and closer.

[@palerider55]

And if a democrat gets elected, it will happen almost immediately. We'll see Civil War II.

[@x8263]

I never pay to much attention to the political reality show we have in this country now days. It really does not mater Democrat, Republican, they don’t care about the people. They just kiss our ass tell people what they want to hear, and once they get elected, all the promises go right out the door. Who ever the president is they just add to the problem, no one wants to take responsibility because people want to hear everything is great, and everyone can have everything for nothing. This country is on the edge, we are bankrupt, but you know who the next president will be? Bernie, a socialist who offers people everything for nothing, Bernie will win because he tells people what they want to hear, he inspires hope, and promises change.

[@alexilchenko4998]

Love Ron Baron, he gets it!, Andrew is painful to watch, is there a brain in his head?

[@mlepa]

You can clearly see that there is - a lizard brain ;)

[@mlepa]

Remember - lizards like the heat (global warming) and they want to destroy the human species. Don't look in to their eyes!

[@JoshKaufmanstuff]

Andrew can't hide his ignorance, and he HATES Elon Musk

[@tonyrusi1978]

Why does Andrew "no brains" hate Elon Musk? Maybe Elon should give "no brains" a ride in his CYBERTRUCK?

[@eliteviktor3]

Well, its colder now than 100 years ago.

[@ramblerandy2397]

On the Wealth Tax. Europe and Scandinavia do fine with higher taxes. In fact, by looking after their populations better there is less discrepancy between rich and poor and people are generally happier. Plus there is a greater pool of people who are economically active. All for a couple of extra bucks from the ultra rich who don't even notice. On the Stock/Share price. It has since taken a hit because of understandable fears over the Coronavirus. But I'm certain it will get back up and go way higher in 2020 alone.

[@svenfrontin-rollet8469]

I'd love to see FedEx shipping containers on our trains :D

[@shauncrawford5575]

excellent interview

[@nickynick1014]

Just enjoying this video again and reminding myself that Tesla is far superior to the competition and well positioned long term. Elon, I disagree with you, Tesla's stock is cheap!

[@judekupper8893]

KEEP ON KEEPING ON!!!!!!!!!!!!!!!

[@enriquevillarreal54]

Ron Baron is very wise, but CNBC interviewers don't listen to him, they are thinking in their next question and they interrupt him

[@dudeman7262]

ALPP, Alpine 4 Inc. looks like the next big company to me

[@cjl62885]

Where is he now?

[@99btan]

Brilliant!!

[@ramonbenito9840]

Tesla should select the factory site carefully. It will be the weather that will affect their output.

[@wolfblitzer1981]

A fisherman always sees another fisherman from afar