Billionaire Ron Baron: Now Is the Time to Buy Tesla Stock

Billionaire investor Ron Baron has voiced strong confidence in Tesla's stock, stating that "the time to buy Tesla stock is now," according to a report from 24/7 Wall St. Baron's bullish stance is tied to his expectations for rapid growth in Tesla's Full Self-Driving (FSD) technology, which he views as a key driver for the company's future value.

A Long-Time Tesla Backer

Baron, a well-known figure in investment circles, has been closely watched for his views on Tesla in the past, and his latest remarks add to the ongoing conversation among investors about the electric automaker's growth trajectory. According to 24/7 Wall St., his renewed call to buy centers specifically on FSD as the catalyst he expects will accelerate in the coming period.

FSD as the Central Thesis

Full Self-Driving has increasingly become a focal point for Tesla bulls, who argue that advances in autonomous driving capability could unlock significant new revenue streams and reshape how the market values the company beyond its core vehicle sales business. Baron's comments, as reported by 24/7 Wall St., reflect this broader investment thesis, positioning FSD progress as a pivotal factor in his outlook for Tesla shares.

While the report does not detail specific figures, timelines, or additional commentary from Baron beyond his call to buy, his public endorsement is likely to draw attention from both retail and institutional investors tracking Tesla's stock performance. As Tesla continues to develop and expand its FSD offering, statements from prominent investors like Baron may continue to influence sentiment around the company's shares. 24/7 Wall St. did not provide further detail on the basis for Baron's rapid-growth prediction in the reported summary.

Source: 24/7 Wall St.