Connect with us

Hi, what are you looking for?



Ron Baron: “All Of Us Will Likely Be Tesla Customers In 25 Years”

One of the more successful investors/hedge fund managers of recent years, Ron Baron, recently made comments about Tesla Motors blowing up over the next few years, and that “all of us will likely be Tesla customers in 25 years.”

Tesla Model S 2

While the words that come out of the mouths of those involved in the financial industry should always be taken with a grain of salt, the comments certainly seem worth taking note of. The “self-made billionaire,” who runs the investment firm Baron Capital Group, is actually considered to be something of “conservative investor,” not the sort that’s always looking for a quick buck. This seems to give the comments a bit more weight.

Now, of course, most of our readers don’t need to be convinced of the potential inherent in Tesla’s current position — the company certainly does seem to be on the verge of completely blowing up in scale. But such things can always change, businesses fail all the time.

With regard to Baron’s comments — in his latest quarterly report (via his firm) he also noted that he is a “fan” of Elon Musk and Tesla Motors, and that the company has a “built-to-last” quality to it, that sets it apart from its competitors with regard to near and far-term prospects/opportunities.

Tesla Model S 3

Sister site GAS2 provides us with more:

While they may only make a 1 million cars per year within the next decade, farther out the automaker could end up rivaling GM or Toyota in its size as EVs grow in popularity. Citing the early days of the auto industry in a CNBC interview as an example of why one technology become so predominant (the internal combustion engine), Baron says that the time is ripe for the switch to be made to cheaper electricity propulsion. Right now though, automakers, unions, and car dealers are all standing in the way of EVs, mostly because it could cut into the profit margins, jobs, and service these entities are used to.

But Baron thinks along the same lines that I do; ten years down the road, Tesla owners could just spend a few thousand dollars on a new battery pack, and keep driving their old EV; no need to buy a whole new car, right? Elon Musk is building a car company with the potential to last long term, and come to dominate an emerging market where most conventional automakers are scared to tread.

With all the excitement surrounding Tesla’s stock in recent days, it’s hard to say how much of the hype corresponds to reality, and how much to wishful thinking. Musk does seem to have built himself something of a cult following as of late — whether that faith will match up with the eventual unfolding of events, or not, remains to be seen. The next couple of years will be exciting, though.

Images by Zachary Shahan | | CleanTechnica | EV Obsession

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.


You May Also Like


Lynk & Co is the #1 best selling car in the overall Dutch auto market.


Tesla officially moved its corporate headquarters from California to Texas in 2021, but in recent weeks, the automaker has debuted another new headquarters in...


Tesla’s recent Investor Day event brought with it a few announcements, including the automaker’s plans to construct a new Gigafactory in Mexico. The plant...

Autonomous Vehicles

Tesla is in the news this week, thanks to statements by Sandy Munro and Pete Buttigieg. One thinks Musk is a genius, the other...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.