Billionaire Tesla bull Ron Barron says Musk suggested he make multiples on his $100 million Twitter investment two or more” will be found. three times”.
When he invested $100 million in Musk’s Tech-In. Private Twitter deal. Longtime Tesla investor Barron’s said Musk’s explanation for the Twitter investment was focused on cutting costs and improving management.
Billionaire Ron Barron said Tuesday that Tesla CEO Elon Musk suggested he take a multiple for Twitter in exchange for his $100 million investment in Musk’s take-private deal. Barron said on “Squawk Box,” he told me he thought I’d make two or three times the money in three years.
Ron Baron, who runs one of the best performing funds, says Tesla could reach $1,500 a share by 2030 Ron Baron, who runs one of the best performing funds, says Tesla could reach $1,500 a share by 2030 Can reach up to $1,500.
Barron’s has long been bullish on Tesla, telling CNBC’s Becky Quick that Musk has earned Barron’s “$5 billion so far” on his $400 million investment. In 2021, the investor told CNBC that he owned about 6 million Tesla shares through his investment firm Barron Capital.
Billionaire investor Ron Barron explains why he’s bullish on TeslaWATCH Billionaire investor Ron Barron explains why he’s bullish on Tesla He said Barron’s $100 million Twitter investment was based on his longstanding trust in Musk as an executive and his marketing expertise.
I don’t want to talk too much about Twitter because I’m not an expert on it yet, but he explained that when we made our investment, they saw that there were a lot of costs, it was performing incredibly poorly, said Barron.
Elon Musk’s acquisition of Twitter has been fraught and, by Musk’s own admission, “extremely difficult”. Since he closed his $44 billion acquisition of Twitter in October, the company has conducted massive layoffs, rescinded its “forever” work-from-home policy, and raised Twitter’s private jet bills. and was sued multiple times for failure to pay bills including rent.
Musk said on Sunday that Twitter is now heading towards collapse. Barron was not moved by Twitter’s apparent close shave with bankruptcy. He’s the most famous man in the world, I think, said Barron. Spending $1,000 marketing a car doesn’t cost a fortune, as everyone on Twitter knows.
Barron said that there is no cost to him because everyone knows who he is. Billionaire Ron Barron said Tuesday that Tesla CEO Elon Musk suggested that Barron create multiples for Twitter in exchange for a $100 million investment in Musk’s take-private deal.
”Tesla CEO Elon Musk promised billionaire investor Ron Baron two to three times his money when Baron invested in Twitter’s take-private deal, Baron said Tuesday.”