“Tesla Poised for 550% [Long Term] Gain, Says Fund Manager Unfazed by Wipeout”
January 26, 2024
“It’s a tough wager to make right now, after the electric-vehicle maker warned on Wednesday that it will expand at a “notably lower” pace this year, prompting a 12% plunge in the stock. It has now lost some $209 billion in market value this month through Thursday’s close…
The manager of the Baron Focused Growth Fund expects Tesla’s stock to reach $1,200 by 2030, up some 550% from current levels, citing its strong brand. Tesla and Musk’s privately held SpaceX were the fund’s largest holdings as of Dec. 31. Last year, it climbed 28%, beating the 18% rise in its benchmark, the Russell 2500 Growth Index, and the S&P 500’s 24% gain…”
https://finance.yahoo.com/news/tesla-poised-550-gain-says-140000054.html