Tesla bull Ron Baron sees stock gaining 89% in 2 years. Here's how to play it

Pros on CNBC discuss Tesla as Ron Baron predicts its shares will hit $500 in 2025.

Market Movers rounded up the best reactions from an investor and an analyst on Tesla . Dan Ives of Wedbush Securities and investor Ron Baron discussed the electric-vehicle maker after recent downgrades from Barclays and Morgan Stanley .

The chairman and CEO of Baron Capital said on CNBC's " Squawk Box" Friday that he sees huge upside for Tesla, predicting the stock will hit $500 in 2025 , a potential gain of 89%. Baron also forecast shares will reach $1,500 in 2030 . Ives added that he sees big potential in the EV giant and artificial intelligence space.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fashion Designer Christian Espiritu Dies at 89The Filipino-born creative dressed Imelda Marcos, the former first lady of the Philippines, for state visits in the ’70s.
Read more »

89-year-old helped pave the way for LGBTQ+ activismFront and center at the National Gay Task Force in 1985 David Rothenberg ran for city council, using his platform to raise awareness about AIDS.
Read more »

Cigar Thoughts Podcast, Episode 89: Michael Bumpus'Cigar Thoughts Podcast: Michael Bumpus' The CigarThoughts Positional Breakdown series continues w/ MichaelBumpus5, as he breaks down the WR position like only he can. Listen as he + JacsonBevens chop up DK, Lockett, JSN, and the art of the position!
Read more »

Remembering Charles Blockson: Preeminent scholar, activist dies at 89Charles Blockson, a preeminent scholar, activist, curator and Montgomery County native, has died at 89.
Read more »

Nol Putnam, blacksmith who forged signature style, dies at 89Nol Putnam, a self-taught blacksmith who forged a signature style, coaxing delicate flowers, leaves and tendrils from molten metal in works that grace sites including Washington National Cathedral, has died at 89.
Read more »

A known Tesla bull is the latest analyst to turn cautious on Tesla stockA known Tesla bull acted on valuation and the likelihood that the EV maker will continue on a path of lower prices amid increased competition.
Read more »