Legendary investor and Tesla bull Ron Baron believes the electric automaker’s stock is set to see massive gains as the introduction of Robotaxi and a new vehicle lineup is imminent.<\/p>\n
“Now is the bottom,” Baron said during an interview with\u00a0Squawk Box<\/em> on\u00a0CNBC<\/em> earlier today.<\/p>\n Baron has been one of the biggest winners in terms of Tesla stock ownership, seeing his portfolio increase by multitudes over the past several years and holding over $1.5 billion in shares at one point<\/a>.<\/p>\n However, as the stock has felt some pressure over the past year and a half, being up only 1 percent compared to a year ago and down 32 percent since the beginning of 2024, Baron believes the only way to go now is up<\/a>.<\/p>\n “It’s going to go up huge,” Baron said. When he was asked when this would happen, his answer was simple: “Now.”<\/p>\n As Tesla is trading at around $166 on Thursday morning during early trading hours, it has gone up the past two days, fending off bearish tones that mention slowing demand, increasing vehicle inventories, and a loss of market share in regions like China and Europe.<\/p>\n