Ron Baron's Tesla Love: Genius Move or Just Plain Crazy?
Alright, let's get one thing straight: Ron Baron is either a financial Nostradamus or he's mainlining hopium straight from Elon Musk's brain. There's no in-between. This guy's got, like, 40% of his personal net worth riding on Tesla? That's not "investing," that's a kamikaze mission with a balance sheet.
He says he won't sell a single share of his Tesla or SpaceX stock in his lifetime. Lifetime! What is this, a blood oath? What happens if Tesla goes belly up? Does he just... what, starve to death out of principle?
Blind Faith or Calculated Risk?
Baron spouts off about how he's already made $8 billion off a $400 million investment in Tesla. Okay, great. Past performance doesn't guarantee future returns, Captain Obvious. We all know that. It feels like he's trying to convince himself as much as anyone else.
And comparing Musk to Da Vinci? Give me a break. Da Vinci didn't have Twitter meltdowns at 3 AM. He painted the Mona Lisa, not self-driving cars that still can't figure out stop signs. "He remembers everything..." So what? My Roomba remembers the layout of my living room, doesn't make it a Renaissance genius. According to Ron Baron Optimistic About Elon Musk Achieving Goals Set In New Pay Package, Compares Him To Da Vinci: ‘He Remembers Everything…', Baron is indeed very optimistic about Musk.
He also has 25% of his personal wealth in SpaceX. So basically, all his eggs are in two baskets, and those baskets are being carried by a guy who also juggles flamethrowers and meme stocks.
The "I'll Be the Last One Out" Promise
Baron apparently promised his fund's board he'd be the last one to sell his stock. "I will not sell a single share of my shares until my clients sold 100% of their shares."
That sounds noble, right? Except, let's be real, it's also kinda reckless. What if his clients never sell? Is he just stuck holding the bag forever, even if the company is circling the drain? It's like some weird, self-imposed hostage situation. Investor Ron Baron says the tech selloff is an opportunity and he’s never selling personal Tesla stake, further cementing his position.
Then again, maybe I'm the crazy one here. Maybe Baron does see something the rest of us don't. Maybe he's got some secret crystal ball that shows Tesla tripling in value by next Tuesday. Offcourse, even a broken clock is right twice a day.
Is This Even Sane?
This whole thing feels less like investing and more like some kind of weird, cult-like devotion. He's betting his entire future on one guy and two companies. What happens if Musk gets bored and decides to start a competitive hot dog eating league instead? Does Baron just shrug and say, "Oh well, guess I'm eating Nathan's Famous for the rest of my life"?
And it's not like Tesla's been smooth sailing lately. The stock's been all over the place, and the competition is heating up. Everyone and their mother is building EVs now. So, to stake your whole future on one company in a volatile market...it's either the height of genius, or the definition of insanity.