Ron Baron: Mars, Musk, & Making Money 9/13/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 13 September 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Billionaire buy-and-hold investor Ron Baron discusses his–and his clients’--many millions betting on Elon Musk. One of Tesla’s biggest bulls, Baron discusses his stakes in the EV company and in SpaceX, as well as his expectations for Mars exploration and for X’s evolution. Plus, OTC cold medicine doesn’t work, the United Auto Workers union is planning a strike in Detroit, and the consumer price index made its biggest monthly gain of the year, up 3.7% from last year. Ron Baron - 13:19 In this episode: Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in Show Music, please.
0:02.6	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pot.
0:08.6	Billionaire Ron Barron, the Tesla Bull who's bet his own and his client's millions on Elon Musk.
0:16.0	And this company, SpaceX, is going to be worth 500 billion, 600 billion, it's now 150 billion.
0:21.4	Committing to his buy and hold strategy and to the chief twit.
0:25.4	Social media, he's probably finding it more difficult to manage and maybe even going
0:29.9	to Mars.
0:31.0	And speaking of Mars, no one can figure out getting to Mars except for him
0:36.6	because he can reuse these rockets over and over again. No one else has been able to
0:39.7	do that. Not China, not NASA, not Russia, not BISA, no one.
0:44.0	Plus.
0:45.0	Okay, this is a wild story.
0:47.0	iPhones in China, auto workers heading to the picket line,
0:50.0	and the headline we can't get enough of.
0:52.0	Explain to everybody else who doesn't know. I didn't read. And the headline we can't get enough of.
0:52.6	Explain to everybody else who doesn't know.
0:54.4	I didn't read.
0:55.0	Now read this first.
0:56.6	Oh! Why your cold medicine doesn't work.
0:59.4	Behind the counter stuff, that works.
1:01.0	That's the one we have to show your driver's license to prove that you're not
1:03.2	trying to make mess exactly it's Wednesday September 13th that's the stuff you want if you
	...

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