.
@RonBaronAnalyst joined
@SquawkCNBC to discuss his outlook for
@Tesla and
@SpaceX, including the growing capabilities of Full Self-Driving and Starlink.
Chapters:
00:00 Baron Capital’s Long-Term Track Record
02:15 Ron’s Experience with Tesla FSD
05:43 A Potential Tesla and SpaceX Combination
06:47 Tesla Market Share and FSD Growth
08:46 Tesla Robots, Batteries, and Energy
10:04 Elon Musk Curiosity and Hiring Culture
12:39 SpaceX and Declining Launch Costs
14:29 Starlink’s Global Growth Opportunity
16:31 AI Agents and Connectivity Demand
17:32 Starlink and Traditional Telecom
20:16 Spectrum and Direct to Phone Service
24:30 Inflation and Preserving Purchasing Power
25:04 Space-Based Data Centers
27:01 Chips and the Compute Opportunity
29:09 Closing Thoughts
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Portfolio holdings as a percentage of net assets as of June 30, 2026 for securities mentioned are as follows: Space Exploration Technologies Corp. - Baron Asset Fund (34.3%), Baron Emerging Markets Fund (0.6%), Baron Fifth Avenue Growth Fund (10.2%), Baron Focused Growth Fund (28.6%), Baron Global Opportunity Fund (20.2%), Baron International Growth Fund (0.6%), Baron Opportunity Fund (19.0%), Baron Partners Fund (32.9%*), Baron Technology ETF (8.6%), Baron First Principles ETF (32.2%), Baron Risk Optimized Large Cap ETF (4.8%); Tesla, Inc. - Baron Fifth Avenue Growth Fund (3.9%), Baron Focused Growth Fund (6.4%), Baron Global Opportunity Fund (1.5%), Baron Opportunity Fund (4.7%), Baron Partners Fund (14.1%*), Baron Technology ETF (3.2%), Baron First Principles ETF (12.4%), Baron Risk Optimized Large Cap ETF (2.1%).
* % of Long Positions.
Portfolio holdings are subject to change. Current and future portfolio holdings are subject to risk.
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