Ron Baron sold some Tesla shares – but he plans to maintain

• Ron Baron said his company sold Tesla shares last month for criticism about the size of its position.

• Baron Capital previously sold Tesla shares in 2021 and 2024 for similar reasons.

• Baron said he had no plans to sell his person’s shares and maintain his bullish position on Tesla.

Ron Baron said that his asset management company sold Tesla shares last month after fears that its location had become very large.

“Everyone has everyone to deal with some customers,” Baron said in an interview on Tuesday with “Squawk Box”. “I am dealing with my customers’ criticism about the size of positions.”

This is not the first time that Baron Capital has decreased its share. Baron said that after the sale of about 1.8 million shares in March 2021 after its assets became very large, the company sold some of its shares again in the second quarter of 2024 for the same reason.

Baron, who served as chairman and CEO of Baron Capital, said that the company sold about 5 % more than last month than it was in the second quarter. He added that the company now has about two -thirds of the arrows of Tlesa, which it bought between 2014 and 2016, which was about 400 million dollars. The Director of the Joint Investment Fund said that Tesla constitutes about 12 % of the company’s assets, and SpaceX makes up about 9 %.

The move comes at a time when Tesla witnessed that its shares were declining recently after an increase after an election that the arrow had reached the highest level ever in December. Tesla sales have decreased across many European and China countries in February, according to vehicle registration data, and since then the share price has wiped the post -election gains, as more than 15 % fell on Monday.

In recent weeks, protests and calls for Tesla province have emerged in response to Tesla Elusk’s CEO Political participation and the police joined the investigation into multiple accidents of sabotage in Tesla agents.

Baron said he sees the shrinkage market as a possible positive. Tesla Bull said long ago that he “did not sell any” of his own shares in the company, and it is believed that the shares of shares are an opportunity for investors.

Baron said of Tesla: “I was thinking that we will achieve four times over the next ten years,” Baron said of Tesla. “I think we will make more than that now from these prices.”

While Baron said that people may be “unstable” in the fluctuation of the last stock market under Trump, he suggested what is happening in relation to the economy may be intended and efforts to reduce inflation.

“Within a year from now, things will seem better,” Baron said, adding that “he cannot believe how cheap is” stock prices.