RE: Ron Baron says Tesla stock will soar to $1,000 by 2020

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Ron Baron says Tesla stock will soar to $1,000 by 2020

in money •  8 years ago  (edited)

What is he basing is valuation on? Tesla has had a head start when it comes to electrification and automation, and its stock price has been rising, but does that translate to a growth of almost 300% in 3 years, or ~ 44% annualized return per year for the next 3 years? What are your opinions on this, @jseng12?

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Tesla is going to make a huge impact in energy storage. They can become a global power house! Also Data collected from customers that drives their Teslas could be used to send the stock higher!

That makes a lot of sense. If they can make high energy density batteries, and put their data into good use, that would turn a huge chunk of the tide into their favour!

Thanks for sharing your insights.