Ron Baron, Baron Capital chairman and CEO, says he’s made $6 billion on his investment in Tesla and plans to remain a shareholder for at least another ten years. One of the EV company’s biggest bulls on Wall Street, Baron discusses his faith in Elon Musk and the electric road ahead. In the extended interview, billionaire Baron also addresses the Democrats’ latest plan to tax billionaires’ unrealized capital gains. CNBC’s Ylan Mui reports on the proposed wealth tax, and whether it could begin to shore up President Biden’s social services and climate change plan. Plus, Robinhood shares are down after the trading app disappointed Wall Street in its quarterly report, and an FDA panel has recommended a lower dose of Pfizer’s vaccine for children ages 5 to 11.
In this episode:
Ron Baron, @baronfunds
Ylan Mui, @ylanmui
Becky Quick, @BeckyQuick
Joe Kernen, @JoeSquawk
Andrew Ross Sorkin, @andrewrsorkin
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