Tesla’s Biggest Bull: Ron Baron

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 27 October 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ron Baron, Baron Capital chairman and CEO, says he’s made $6 billion on his investment in Tesla and plans to remain a shareholder for at least another ten years. One of the EV company’s biggest bulls on Wall Street, Baron discusses his faith in Elon Musk and the electric road ahead. In the extended interview, billionaire Baron also addresses the Democrats’ latest plan to tax billionaires’ unrealized capital gains. CNBC’s Ylan Mui reports on the proposed wealth tax, and whether it could begin to shore up President Biden’s social services and climate change plan. Plus, Robinhood shares are down after the trading app disappointed Wall Street in its quarterly report, and an FDA panel has recommended a lower dose of Pfizer’s vaccine for children ages 5 to 11. In this episode: Ron Baron, @baronfunds Ylan Mui, @ylanmui Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin

Transcript

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0:00.0	Bring in show music please.
0:03.0	This is Squawk Pod.
0:05.0	I'm C. NBC producer Katie Kramer.
0:08.0	Today on our podcast, one of the biggest Tesla Bowls on Wall Street.
0:12.0	Ron Barron, his big, big bets on the world's wealthiest man.
0:16.1	There would not be electric cars, we're not for Elon Musk. This guy is dedicating himself to
0:20.8	making the planet and humanity able to survive.
0:24.0	And the billionaire on other billionaires,
0:26.0	Ron Barron's take on a Washington wealth tax.
0:29.0	I don't really understand why there's vindictiveness against someone who works the way he has and doesn't make any money unless
0:35.2	the shareholders and his business do well.
0:38.4	And more on taxing the richest, on the ground in DC with C NBC's Alonui.
0:43.0	Once the precedent has been said, the concern among some
0:46.4	is that it can easily be lowered in future tax debates.
0:50.7	Plus, some of us are getting a boost, but Robin Hood stock is taking a hit.
0:55.4	I think of it as a meme player, but we need to think of it as a crypto player.
1:00.0	It's Wednesday, October 27, 2021.
1:03.3	Squack Pod begins right now.
1:05.4	Stand Becky by in three, two, one,
1:08.3	Q, please.
1:10.2	Good morning, everybody.
1:11.2	Welcome to Squack box here on C.bec. I'm Becky Quick along with Joe
	...

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