In 2016, Ron Barron predicted that Tesla, Inc.(TSLA.US) will become one of the most valuable companies in the world. His company, Barron assets, was then one of Tesla, Inc. 's largest investors, with a 1 per cent stake in the company.
Zhitong Finance learned that the bet generated a profit of $4 billion, but Barron thought it was just the beginning and that profits could triple in the next 10 years. He also predicts that SpaceX, another company led by Elon Musk, will achieve a similar success. He said that the company also has the characteristics of Tesla, Inc. 's success, that is, he is willing to try new things in an industry that adheres to old ideas and focus on reducing costs.
"they are innovating at the speed of light, and they are doing the same with cars," Barron said in an interview. They are doing the same in space. "
Barron revealed that his company invested $380 million between 2014 and 2016, accounting for 1.5 per cent of the company's assets at the time. So far, the company has made a profit of $4 billion and thinks it could be three to four times that over the next decade.