Watch CNBC's full interview with Ron Baron
ฝัง
- เผยแพร่เมื่อ 1 ต.ค. 2018
- Ron Baron, Baron Funds CEO and CIO, sits down with "Squawk Box" to discuss his holdings in Tesla, CEO Elon Musk's settlement with the SEC, what he sees for the future of the electric vehicle maker as well as his overall investing strategy.
*The ONLY old man who cares about our future.... and he's RIGHT!*
Not the only one and he's perhaps more concerned about his profit potential but there is nothing wrong with profiting off Tesla's success. If he's right or not remains to be seen....I hope so.
Just imagine the stock if all media treated it like every other company and stoped bashing it everyday
It ain't like every other company, it's rightly controversial, that's the nature of big upside potential, it's never easy at this stage of the game and high risk. It's only easy to see in hindsight.
@@Mrbfgray It's easy to see, NOW! A lot of people just refuse to see it.
AscendedSaiyan3
It's easy to see that TSLA will be--say 10X higher in ten yr.s? I hope you have all your spare change riding on it then, it's FAR from that easy for me. (Just today Elon pointlessly trolls the SEC, Tesla desperately needs an adult at the top)
LMAO...the guy on the right simply exploded...he couldn't hold back his hate for electric cars and Tesla any more. Why? I don't get it! As an American I would be proud to have a company like that in my country! Cheers from Europe
Cause they get paid to hate.... A LOT OF MONEY
They guy doesn’t have any part in the conversation at all, and then all the sudden he just exploded with a bunch of ignorant opinions. He looked like a total jackass.
Yeah. You’d think that Baron is describing a foreign manufacturer. Tesla is a made in USA, employ USA, pay taxes in the USA company. Let’s cheer for them.
Because Tesla destroys the biggest industry in the world: OIL
The name of that ahole is Joe Kernen. He licks GOPers.
Tesla spends no money on advertisements yet they get more press than almost every other car company in this modern era. It's not even close. 😂😂😂😂😂😂😂🤯🤯🤯🤯🤯🤯🤯
That's why tv networks attack them coz they ain't making mooney on
If Tesla was an advertiser on CNBC, then they would have no choice but to be beholden to Tesla for paying their bills. All this press, good or bad, is nothing but positives for Tesla in the long run.
its going to be funny when all the media starts kissing Tesla's ass . They will have to go back and erase all their videos on youtube.
@@tayinternational
Agree, but is it that they just hate Musk and with Elon out as Chairman they are now becoming mild on Tesla?
Tay, once it is on the Internet it is there for ever, someone will have downloaded it or done a screen recording of it
Smart dude. I like how the analyst on the far right completely lost his shit and tried to dump as much hate/skepticism on Tesla as possible, but without any analysis, just conjecture/hate. So hilarious to see. CNBC and most news companies just continuously crave for any new scandal, negative news on Tesla.
For the past 6 months Musk has been gladly handing them this, but now that this settlement has occurred and things look much better than ever for the company, I wonder how bored they are going to be from now on without any reason to trash-talk on Tesla (and make money doing so).
Why is it far right?
@@biplav32 far right at the desk lol
Thomas 😂
well Joe is now CNBC far-right :) ...Joe is a embarrassment, he should retire or move to Fox business news
Don’t be too sure. Elon will keep us on our toes.
CNBC's interviewers do not have the skill to run a company at all, let alone a company as successful as Tesla. Yet they seem entirely critical about every human defect they see or project on Elon. I'm delighted there are some investors who are looking at the big picture. I feel sorry that we as a country are so intent on hounding someone who is doing so much for all of us. Anyone who can make billions making a more sustainable planet for altruistic reasons can criticize Elon. It just seems cheap for people in the media, who have so much to answer for, to spend their time dishing crap on Elon. I'm surprised he does not throw in the towel and keeps fighting for a better country for all of us.
Giving up is not Elon's nature. The more they push him, the harder he fights. He's fighting for the betterment of humanity, not just the US. Excellent role model!
Ron is smart. He's sees the future. He gets it.
I too own a Tesla model X, and I too will never own a gas car ever again. Tesla is the best car I ever drove.
Brick Hunter I 2nd that. I love my X. Game changer for sure.
@@stevegolubic6399
I have the model3 going on 2nd month. I concur with your assessment. Outstanding technological improvement.
Great cars, the best. I just bought Tesla stock at $250 and probably need to have my head examined.
Tesla killed in the numbers and the stock isn't reflecting that yet. Expect a big jump after the quarterly report.
Also looking for the Nov earning report from Tesla, but this overall start of bear market worries me that it’ll kill the expected big jump.
When Henry Ford created the dealer network, you could not buy cars online. There was no internet. What a ridiculous comparison. Bob Lutz is a dinosaur looking back even further before his time, desperate for comparisons that support his BS negative view of Tesla.
agree
This will be the death of GM
They can evolve or die. Their choice...
There was radio and telegrams. Downloading a car might have taken longer, though.
I'm in!
Oldsmobile , Pontiac and Mercury were not models, they were brands. Baron is spot on.
Correct that guy is an uneducated idiot.
Exactly. They actually were at one point stand alone companies too.
Alan R - FAILED BRANDS.
When they failed the majors bought them out and retained the name as a model, Studebaker missed out (I had one in Aust - they were Cop Cars)
Ray, a little auto history would be in order
There were hundreds of different auto companies/brands/manufacturers in the Early days, just look it up or any ads in any old magazine from the 20's or even earlier.
Just about every wagon, coach or carriage builder tried to transition to building horseless carriages or just go broke, that was the choice
Studebaker was a wagon builder that did successfully, partly as it focused initially on trucks and vehicles especially for the military in WW1 and 2, its sedans were based almost on a truck based design and chassis, it did have a very good motor, but only a smaller capacity as demand for bigger capacity dominated ended up using GM motors as it slid into irrelevance.
RESPECT FOR CNBC! Ron Baron is a great choice for an interview!
Ron Baron has definitely earned my respect with this interview.
Not a lot of brain power at CNBC.
Lol. They can’t afford brains
I love how the guy on the right goes 100% petulant child because he doesn't like the direction things are going. Had to have some drama in the TV show, I guess.
lmaoo his own co host was like dude, shut up.
CNBC should just shut up with their sky is falling white, and just let Ron talk more.
Exactly, he was squirming at all the facts from Ron.
The man on the right of the panel should be fired for being so rude.
It's their job to stir-the-pot. They get paid quite well for this nonsense. It's the nature of people nowadays. Reality TV...
Tesla Shareholders should class action Lawsuit the SEC for causing the TSLA stock price to drop.
When Ford created dealer network there was no internet, very simple. If there was Internet Henry Ford would have pulled the gun to sell those cars directly to customers
Couldn't people wire money back then?
Good point!
@@CTimmerman Yes, they could.
Western Union was in operation at the time.
But, there was no PayPal; Elon hadn't invented it yet.
However, without the Internet or dealerships how would they know what options were available?
Could they choose between cloth seats or leather?
Could they choose any color other than black?
A quote I have heard attributed to Henry Ford: "You can have a Model T in any color you want, as long as it's black".
Even today I don't understand why are car companies not selling ICE cars directly to customers.
Dealer networks is only a dumb shell game. Where as tesla manufactures the car on deposit! Baron nails it!
Ufo Trailers - dealerships are just parking lots for Unsold Cars.
Yes, dumping inventory on a dealer is a positive, but then negative is that the dealer has to sit on that inventory and that is why there is so much mark-up when you go to the dealer. I'm not saying Teslas are inexpensive, but dealers are middle men that add cost
Plus the dealer makes his money from Warranties and Service and maintenance with the little scams and rip offs they slip in to improve the bottom line.
An EV is a dead loss for them, especially if they have to hold it in their yard like the 6,000 Bolts sitting in Dealers yards right now costing the dealers interest payments on the financing and insurance coverage. They prefer to sell you a Volt which needs the servicing and oil changes every 6 Months or so
Killroy Actually there is very little mark up on the cars themselves and why a dealer doesn't want a car in the yard for long. Since the profit margin is extremely low dealers typically have 2-4 weeks before they start losing money on them.
Frank Speaking is correct. This is where the dollars are made.
A very chill person.
You said a number of times that Tesla has enlisted volunteers to help deliver cars, but this is wrong. A Tesla owner contacted Elon and asked if he and other owners could help and Elon accepted the offer. This shows the passion that these owners have for their cars. Answer me this. Could you see Ford or GM owners offer to help those company deliver cars?
Watching the CNBC personalities completely hating on Tesla is getting really old once Tesla starts making a profit they're going to look awfully dumb and will change their tune real quick
Have a feeling the media is going to get off the hate train soon cuz they'll start getting backlash from the viewers maybe I'm just too much of an optimist will see
the problem with modern media is that this backlash in the form of extra views and comments ends up accelerating the viewership on the video and repeating the cycle, making these companies more money. I would certainly like to see less hit pieces, not just for tesla but for everyone/thing, but I'm less hopeful as a lot of these companies tend to put making money first.
Can't believe people still repeat the Ev cars are just as polluting Bs. Even if the grid is 100% traditional power Ev still less pollution than ICE cars because of high efficiency of electric motors.
Precisely--most CNBC writers and commentators never took a thermodynamics class in school so its way over their heads!
Elon Musk is a genius and they just don't really understand. Buffet and Ron Baron are buy and hold guys. Good job!
Who needs dealership? In a few years, the online purchased Tesla will drive from the factory to the customers home autonomously...
underrated comment spotted
Just the fact you dont have to haggle a price with the dealership is amazing
This would be freaking cool
Great interview, very insightful and spot on brilliant to recognize his mistake in selling Tesla. All of Ron Barons knowledge of Electric vehicles and particularly Tesla are accurate and impressive. His staff and himself must be doing an in depth research. The span of subjects discussed were too advanced and demanding of in the factory experience. This is so thrilling to see an investor with this attitude and vision. I suspect he also is concerned about the destruction of our atmosphere, although I think its secondary to his profit motives. I as an investor I am scared to death of the consequences of our runaway addition to fossil fuels. For any person who wants to avoid a world wide famine and other disasters, you better be dedicated to Teslas and other EV companies survival.
Maybe keep an eye on singularity university ?
21:18 what is this dinosaur doing in this debate?
LOL, that guy needs to retire, everything he says is wrong and sounds stupid.
heltok - BOB the dinosaur.....LOL
He's a total idiot. I can't believe he still has a job.
@@OakhillSailor
Spot the short? I'll bet he has "a position"
That dinosaur is a wannabe Bill O'Reilly with his condescending tone, and lack of real arguments.
When is CNBC gonna dump Joe Kernan? Do they really need a guy to sit there looking disgusted throughout an interview? He's even worse when he opens his mouth.
I like Ron Baron and respect his experience. And I think he's right about Tesla but with Musk, the odds may be lower than without him.
Martha K I always wonder why they keep Joe Kernan. This is him on his best behavior as well. Saw an interview with Ray where he would not stop interrupting the guest.
This really is a good piece. They do pretty much let this guy say what he wants and that's refreshing . God Bless Tesla ! Now if I could just find someone to buy me one
Buy some stock, wait a while, then buy Tesla car with the profits.
Stephen McCoy ... invest in Tesla and the company ( your profits ) with buy you a New Tesla car !
@@AZOffRoadster Best advice ever...
Why do ppl still care what bob lutz has to say... come on, he thinks tesla has no advantage? Tesla’s taste advantage alone is enough to bankrupt gm. I want to know which designer thought the bolt was a good design. Cmon. When they make an infotainment system that performs better than a cellphone from 2003, maybe we can talk about their autonomous vehicles.
They designed the Bolt thinking they would hit a different segment of buyers looking for that wedge-shape hatch type of car because they know if they attempted to design an easy-on-the-eyes sports sedan to directly compete with Tesla that they would lose. Their car would easily cost more and critics and customers alike would be unforgiving.
Ron Baron is a intelligent rational person that does not get off track and reflect with facts. impressive
Very impressed by Ron Baron. These CNBC analysts though??????
The best part about the interview is the fact that Joe Kernan almost didn't speak, he just sat there looking uninterested and bored, it's his JOB to do the interview.
Why is he still on the show? Every show there is so many comments about him in a negative fashion.
Ron is one of the few smart investors of our time! He invested on what he understand and has the visions of the future.
Man look at those clowns. Barron is wipping the floor with those CNBC-Shorties...
The young guy closest to him was "OK", asking reasonable, or semi reasonable questions,, and respecting the answers.
"Far right" guy.... Idiot. (Did you see the "WTF?" Look the young guy three his way?.... Twice!😂😂😂😂
And the chick couldn't believe what she was hearing, I think she has been listening to too many shorters and Fudsters and was shocked to actually hear the facts, especially the comment from the GM head honcho
Roger Starkey Andrew Ross Sorkin, Steve Liesman, Eminem Javier’s, Melissa Lee and few others are the only reasonable voices left on CNBC.
The US Electric grid produces 1.2lbs of CO2 per kWh of power generated. A Tesla Model 3 has a 75kWh battery (ignoring the provisioning) that is rated at 310 miles. This equates to 0.24 kWh/mi x 1.2lbs CO2/kWh = 0.29lbs of CO2/mile. The EPA estimates that 1 gallon of gas burned in a car results in 19.6lbs of CO2. This means, in order to have the same carbon footprint, the gas car would need to get 68mpg. Additionally, the grid is continually getting cleaner and people who buy electric vehicles also frequently invest in solar technology to power them.
CNBC Completely missing the point, the point being electric cars are the future, combustion engines are dead period.
Baron is investing on the trend, Tesla as much as people will criticise losses they are at an investment stage of growth and so the bigger they get the larger losses will be until they reach critical mass. That critical point looks to be this quarter and profit will accelerate from this point as sales increase, until they start to invest on the next model. At some point they will no longer be investing for model growth and profit will rise further.
The only thing for the above to remain true is to maintain a competitive advantage which Tesla has at least a 2 year lead on all manufacturers at the moment and nothing thats coming to market in the next 2-3 yrs will compete.
The Semi is going to be a boomer for them, the orders are piling up as it goes around to all the potential customers and they trial it they are signing up with big deposits.
that's a smart man right there.
What's up with CNBC and their obvious yet subtle animosity towards Tesla? 😂 They try to nit pick everything about Musk and Tesla to try and turn the view negative about the company.
They are right to question Elon's volatility at the moment though. Elon should chill and hold back. His success with Tesla and the Model 3 is talking loud enough.
level of intelligence goes from left to right out of the 4
He...he....he.. Best observation and tweet.😂😂😂
Meaningless interuption by the guy on the right! Awesome, informative interview of Mr. Baron.
Ron has some good points
Pontiac was a brand, not a model. There were many models under that brand. My parents had a Grand Am. Awesome car. Sad that Pontiac went under.
Or the GTO (Goat). Saw a nice one while at the emissions test station. I actually prefer my '70 Challenger tho.
Who's that jerk sitting on the other end of desk? Sure he's a Tesla hater but couldn't he just show some professionalism and try to pretend he's listening?
great guest to have.
Bought the Model 3. Car drives itself minimal effort. Unbelievably great mapping and entertainment system. Regenerative Braking is so good you rarely need to apply brakes. Game changer.
Great guy, love to see more video’s of him and his analysis. Good insights of how investments originate in the stock market. Also CNBC, keep up the great work! Show some more Tesla bulls if you can, America should be proud of this gem of a company
Great interview with Ron! People need to separate the noise from how remarkable Tesla's story actual is. Yes there might be some speedbumps along the way but their cars are taking over every market segment on all continents. +1 Elon and Tesla!
This man(Ron Barron) has expressed more knowledge and facts about electric cars than I normally see on this channel. This, despite all the "gotcha", rabbit-hole questions that were jabbed in his face. Nice job deflecting the 'FUD'. Why do people hate on a great idea?
That chick is solid. Very much operationally analytical and that's 99% of understanding a company's success. Good moderator.
yes the electricity sometimes comes from natural gas. A General electric gas turbine generator is far more efficient than a general motors petrol engine though. so it's still a drastic savings in carbon footprint.
Ron Baron absolute gold and wisdom
I like hearing old investing stories directly from the OGs , losers and winners .
I’m being serious when I ask this I’m curious. Have these news anchors done anything in their life? Have they ever run a business ?
Had to laugh at the dinosaur interviewer who finally gave his poor 2 cent contribution @ 20:48. Someone tell him its 2018 and not 1988 anyone. Very poor research if any on his part, can tell he don't give a damn, he wasn't interested at all.
two funny things I noticed second time watching, 1) not an expert on the law... we went to law school together. 2) there is an extra coffee cup just sitting there the entire time
July 19, 2020 --> Tesla is at $1500. Ron was totally right... CNBC is CNBS.
This guy has my imagination on the move!
How do we know that Every Single Car Made is already sold? No Advertising. Understand that before you ask Stupid Questions about lots full of cars. "Employee Pricing" = Desperately Seeking Sales. No advertising means no desperation at all to sell.
Great job, Ron. One suggestion. Use the word engine, instead of motor, when you are talking about internal combustion competitors. Electric cars have motors.
YOU'RE WRONG. The carbon footprint in a country like Poland that uses 100% coal plants for energy is less with a Tesla because of it's efficiency advantage. It's over 80% efficient as opposed to a best 30% efficiency with an ICE car!
Very interesting interview when you let them speak.
I used to respect Joe K... what happened to him?
Ron Baron, you rock!
and thanks to the youngsters for giving him some air time.
The best part about the interview is the fact that Joe Kernan almost didn't speak, he just sat there looking uninterested and bored, it's his JOB to do the interview.
Why is he still on the show? Every show there is so many comments about him in a negative fashion.
Loved the interview besides that.
Great Stuff... thank you for sharing this strategy!! Similar to one other that you did while ago. I love the way you teach us. Superb. You are blessed.
Olsmobile and pontiac were BOTH independent manufacturers before being bought out by GM
33:47 Mr. Baron is 100% Correct
This gives me so much more FAITH in Tesla and electric cars in general.
German car makers do not sell their electric cars via dealerships, because it would make it impossible to make money. Margins are so slim.
Germans didn't invest in battery factories nor did they design proper EVs ... they just shoved some batteries and motors in any ugly boxes they found in their factories.
Long story short, the VW ID platform has a chance ... maybe the Mercedes EQ too ... but they all need to ramp up production to be profitable, 20K units per year is not enough, they need at least 200-400K ...
Konstantin N
Audi promised job security to their dealers at the launch, then announced the direct selling.
If their cars are meant to be (more) reliable and require less service, I struggle to see where the dealers make money.
Roger Starkey
Good point. I don´t understand this either. I guess they want to convince customers that service at Audi is much better than at Tesla, because of the many dealerships. I guess Audi would need to adapt payment structure for inspections and services under warranty.
The truth is they don't know what to do, except stall progress and rest on their laurels. They're just shooting in the dark hoping they hit something.
Ron Baron u rocks.....
CNBC is soooooooooooo negative on Tesla..............
They were grilling him on open coals! He stood his own and took them to the cleaners. Great job Ron!
It's great to look back at this and see the hate. So much pressure to keep TSLA down and the public skeptical. So much money in oil and cars trying to delay delay delay. Now TSLA is here to stay.
God imagine buying TSLA at $3 a share. Not just vs todays price, but what TSLA shares will be worth in 2030.
The stock price of $TSLA drops 40% in 2019. I still believe in Elon’s master plan.
Buy and hold. ~30% (EVERY 3rd SHARE) of all $TSLA shares have been borrowed and sold (a.k.a. short), and will *have to* be bought back. Can't buy back if people hold. Cue short squeeze.
this man has learned to see the future and his investments speak for themselves.
This guy was right, way ahead of the time. If you invested in TSLA at the time of the interview you'd have 6x your money. Joe Kernen can pound salt!
I wish I had bought a ton of Tesla stock at $3. I'd own one of every model they sell.
I love this guy, so smart :)
So many negative questions - regarding a product and company and CEO that is doing nothing but positive. Which is not unlike the Shorts and Bears - they are always looking for reasons to tear down Elon Musk and Tesla. Wrong. Tesla is generating a marvelous product, they are changing the world we live in, and we should all be supporting that!
Yes we should, but Elon shiuld also hold back a bit with tweets.
It's just not ok to agree to a settlement with the SEC and the next day mocking them via Twitter. It's rather dumb. I'd never have expected that from Musk. And he hurts investors with this behaviour.
"you got to use natural gas for the grid" Ron cuts him off "what about solar?" ... "I don't know" hahah best ever 20:47 sounds like my grandpa. i watched that part 10 times and laughed 10 times
Ron says batteries and the guy says: OK? (thinking about it and shutting up about it)
Bwahahaha right most one on the panel is constipated !!!
Anchors keep asking questions based on the short thesis. The text headlines are those of an unfavorable perspective. It said. However it does artificially suppress the stock price. A great buying opportunity, as the shorts can not suppress the stock as they become profitable and self funding!
true, my first tesla and I love it and don’t plan on owning anything than Tesla at this point. It’s an amazing car
RON WINS THIS DISCUSSION - End of comment.
When this video was posted on 10/2/18 Tesla stock closed at $301. Today is 2/7/20 and Tesla stock is currently $748. It’s nearly a 150% ROI or a 96% annualized ROI. Baron Capitol owns over 1,600,000 shares of Tesla. Even if he bought all 1.6 million shares the day the video closed it’s an increase in over $700 million dollars. Ron was spot on with his future forecasts.
Tesla needs to go private now....less BS affecting the comp.
It's absurd when people talk about whether or not Elon Musk is going to be controlled by the board or the new chairman. You don't WANT to control him. He's the one driving all the value creation. And without the board holding his hand.
Great interview
The old guy on the opposite end is a conditioned hard line Oil Man. Its not your planet anymore man. We gotta take care of it now.
At least some people are seeing and telling what's really coming, instead of defending technology from 1900, which has no more right to be in today's society.
Just watched this interview. Amazing how three people involved in asking 'in-depth' questions about an American Business that is run by a guy who has multiple success stories - Spacex - Solar City - Tesla - The Boring company etc and the only thing they can say is.... He tweets too much - How Henry Ford used Auto retailers to sell cars in the 1800's - Solar uses Gas and other energy to charge Tesla cars, doesn't that use more energy to generate the power...? Are you kidding me...? Just how lazy are these "Professional's representing an American network" Amazing hatchet... Job as not one of them ever paid or acknowledged anything positive about the man who created a business that is leading the way in helping the environment. People buy because of what Elon Musk represents and that is the sad thing they these interviewers do them and their network a grave disservice.
Bet they won’t have him back on ;) CNBC hates Tesla, I love it
Yeeeees. Ron you legend. Lets show some Elon love. #future #longmicron
I feel with Ron Baron - also missed out on AMZN.
The longer he explained himself the more they shut up. The dude on the right tried to throw a tantrum and got completely shut down immediately and he couldn't speak anymore. Nice job, Ron. Educate.
How long is that 28 day delivery time when exporting? How is that today with Model S and X, and how will this be with Model 3?
Market is ready for for electric car, and here comes all car manufacturers selling electric car. May the best car wins.
cnbc keep talking FUD, Ron debunking it ALL
3 years, boom! He was right on the mark.
Tesla‘s aren‘t just electric cars, they are DIGITAL/ONLINE cars. That‘s what a lot of people don‘t get.
CNBC should do this type of interview with Ray Dalio
Ford at one point in the 70’s wanted to sell vehicles directly to customers , but it was a huge issue with the dealerships and of course the lobbyists and lawyers stepped in to stop it . At the end of the day no one takes care of customers more than the manufacturer. That’s not a good argument on the part of Lutz against Tesla ,also there is no way to compare an ice car to a luxury electric car with its own infrastructure.