Core Insights - Ron Baron is the Founder, Chairman, and CEO of Baron Capital, managing $45 billion in assets and has consistently outperformed the S&P 500 Index with annualized returns of ~15%, approximately 50% higher than the index over the same period [1] Investment Strategy - Ron Baron is known for his fundamental, buy-and-hold investment approach, initially investing a small amount in Tesla during its IPO roadshow in 2010, later increasing his investment to ~$400 million between 2014 and 2016 as Tesla demonstrated demand for its Model S [2] Tesla Holdings - Despite experiencing volatility, Baron retained all personal shares of Tesla, realizing $8 billion in personal gains from these shares, although he recently sold about one-third of his clients' Tesla shares, he maintains a strong conviction in the stock with ~40% of his net worth invested in it [3] Recent Commentary - In a CNBC interview, Baron reiterated his bullish outlook on Tesla, projecting a price target of $2,500 for the stock in 10 years, and stated he has not sold any shares, nor does he plan to sell Tesla or SpaceX shares in his lifetime [5][6] - Baron emphasized Tesla's strategy of reinvesting in the business at the expense of current profitability to facilitate future growth [6] - He highlighted Elon Musk's critical role in Tesla's success, describing him as the ultimate key man and noting that Musk's compensation is tied to significant company growth [6] Conclusion - Ron Baron's disciplined investment approach and focus on transformational companies underscore the importance of his insights for long-term investors, with his recent comments indicating unwavering bullishness on Tesla [7]