Tesla Shareholder Ron Baron: I’m Voting for the Package 06/05/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 5 June 2024

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

At the Tesla shareholder meeting on June 13th, shareholders will vote (again) on Elon Musk’s compensation package. Longtime Tesla believer and billionaire Ron Baron says he’s voting for the package. In an extended interview, Baron discusses the billions of dollars he has wrapped up in the ‘Elon Musk Ecosystem,’ and how each venture will eventually help the others. CNBC’s Diana Olick explains the state of the housing market, the FCC is looking into AT&T’s latest outage, and The New York Times is reporting that Israel has conducted a covert social media campaign to influence Democrat lawmakers. Ron Baron - 09:35 Diana Olick - 32:50 In this episode: Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:04.0	This is Squack Pod and I'm C. M.C. producer Cameron Costa.
0:08.0	On today's episode, Ron Barron, the billionaire investor who keeps betting on Tesla.
0:16.3	It's a 7 or 8% of our assets in total.
0:19.0	And his plans for the Elon Musk pay package vote next week.
0:23.0	How will you vote your shares?
0:24.4	Or voting for, for the package.
0:26.4	Tesla X-A-I, SpaceX.
0:29.6	So many Xs.
0:30.7	How the entire Elon Musk ecosystem fits together and fits in Barron's portfolio.
0:37.0	X AI, we're going to have $150 million invested.
0:39.8	In SpaceX, we invested from 2017 to now we've invested about a billion dollars
0:45.0	is worth two billion three.
0:46.2	If I had a chance to buy more stock in Tesla right now,
0:49.2	I'd buy more stock in Tesla.
0:51.4	And where's all the housing?
0:53.2	C. N. B. C.S. Diana O'Lick has an update.
0:55.8	All of the activity is on the high end of the market.
0:58.4	That's where people can afford it and that's where the most supply is on the lower end.
1:02.4	There's nothing.
1:04.0	Those conversations, plus a new exchange in Texas,
1:07.8	and an AT&T outage hit close to home.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.