.@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 -- Information and services provided on independent websites are not reviewed, guaranteed by or endorsed by Baron Capital or its affiliates. Please be aware that this independent website’s terms and conditions and other legal information may be different than those of Baron Capital’s website. Baron Capital is not liable for the content appearing on it, or for the content appearing on it, or for technical or systems issues arising from the use of this independent website. Risks: All investments are subject to risk and may lose value. 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. BAMCO, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Baron Capital, Inc. is a broker-dealer registered with the SEC and member of the Financial Industry Regulatory Authority, Inc. (FINRA). ©2026 Baron Capital. All rights reserved.