I don't see how people come up with crazy numbers like this. Honda sells a shit ton of cars, and it's market cap is 50Billion..<p><a href="https://www.google.com/finance?q=NYSE:HMC" rel="nofollow">https://www.google.com/finance?q=NYSE:HMC</a><p>Toyota is 175 Billion with all the cars they call<p><a href="https://www.google.com/finance?q=NYSE%3ATM&ei=PqtYV8GCFOGqiQKLrblg" rel="nofollow">https://www.google.com/finance?q=NYSE%3ATM&ei=PqtYV8GCFOGqiQ...</a>
Phrased a different way: person with intense financial interest in other people thinking Tesla is worth lots of money says Tesla will be worth lots of money...
Ugh, I hate feeling like a Silicon Valley naysayer, but this outlook is entirely wishful thinking and not remotely rooted in fundamentals. But hey, why ruin a good story?<p>Baron was once a legitimate investor and knew how to root out value, but now his business is fees off of a massive AUM. Its hard putting $26B to work in the market at a reasonable rate of return, so I guess he's resorting to "talking his book" and investing in popular stocks to make his wealthy clients feel comfortable in the crowd.<p>He's apparently already gotten a little bounce off his comments, so good for him I guess.
Toyota's market cap is 200B<p>VW is at 90B<p>Ford is 53B<p>GM is at 45 B<p>Hyundai is 30B<p>Roughly speaking he is predicting that not only will Tesla become the largest automotive company by valuation, but that it will be as large as all the others <i>combined</i>.<p>I'm skeptical.