Ron Baron on Elon Musk’s Trillion-Dollar Pay Plan 11/14/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 14 November 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

After Tesla shareholders approved a new pay package for CEO Elon Musk that approaches the trillion-dollar mark, investor Ron Baron weighs in on what it means for the company’s future. The billionaire discusses his outlook on Tesla, the markets, and Musk ahead of the 32nd annual Baron Investment Conference. And Walmart CEO Doug McMillon is stepping down next year after leading the retailer’s push into e-commerce. Plus, Hollywood is bracing for bids for Warner Brothers Discovery, the Trump administration is preparing tariff exemptions aimed at lowering food prices, and Under Armour and Steph Curry are parting ways. Ron Baron - 12:17 In this episode: Ron Baron, @BaronCapital Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Zach Vallese, @zachvallese

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Today on Squawk Pod,
0:07.0	Legendary Investor Ron Barron.
0:10.0	He's still long on Tesla.
0:12.0	I don't expect to sell in my lifetime Tesla or SpaceX, either one.
0:17.0	He's already made about $8 billion on the stock.
0:20.0	This Tesla bowl is also supporting CEO Elon Musk's nearly $1 trillion pay package.
0:27.2	I don't think anyone believes who works at Tesla that he's not going to make five or six or seven times in 10 years and four or five times again after that.
0:36.6	Plus, breaking news from the country's biggest brick and mortar retailer, Walmart.
0:41.3	CEO Doug McMillan is retiring after a decade-plus run.
0:46.3	What's the story behind the story? He's only 59.
0:48.3	He's only 59. I am told that this was his choice, that he wants to step down at this point. And the latest news that has us squawking.
0:58.0	Everybody wants to buy Warner Brothers Discovery,
1:00.0	Steph Curry and Under Armour's Split,
1:03.0	and reducing tariffs to help affordability.
1:06.0	Affordability is the new buzzword.
1:08.0	I'm C&BC producer Zach Velisi. It's Friday, November 14th, 2025.
1:14.6	Squawk Pod begins right now.
1:16.6	Stand Becky by in three, two, one.
1:19.6	Cure, please.
1:21.6	Good morning, everybody.
1:23.6	Welcome to Squackbox right here on CNBC.
	...

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