For the past few years, the world bore witness to the birth and growth of one of the most ambitiously futuristic companies ever — Elon Musk’s tech company Tesla, Inc (NASDAQ:TSLA). Although Tesla experienced a lot of ups and downs, it’s not so far-fetched to think that its strategic moves are paying off, and that its investors will be reaping the benefits. And it’s not just Musk who believes so.
One of Tesla’s most notable investors is billionaire Ron Baron whose company Baron Capital Management owns around $300 million worth of Tesla shares. Baron is well-known for his buy-and-hold attitude when it comes to stocks. That simply means he buys stocks on a long term basis. In the case of TSLA, he is planning on holding out for the next 13 years at least as he believes the ticker has nowhere to go but up.