Investor: Tesla’s value may increase by about 5 times by 2030‎

American investor and billionaire Ronald Barron believes that the value of Tesla will witness significant jumps over the next seven years.

In an interview with CNBC, Baron said: I think Tesla will become four to five times larger in the stock market over the next seven years.

According to Insider’s calculations, a five-fold increase in Tesla’s value indicates an increase in its market value to $4 trillion.

According to the director and CEO of Baron Capital, the automotive business of the company run by Elon Musk may jump in terms of revenues by about 30% this year and in 2024.

He added: As for the company’s battery business – which is worth $6 billion now – it will jump about three-fold over the next three years.

As for SpaceX, the unlisted company belonging to billionaire Elon Musk, Baron explained that its value is currently $150 billion, and that it has the potential to rise to levels ranging from $500 billion to $600 billion.