Ron Baron (Ron Baron), an American billionaire investor and founder of Barron Capital Management recently revealed in an interview that he went between 2014 and 2016TeslaAn investment of $3.8 billion was invested, which has yielded a return of $4 billion to date.

Back in 2016, Barron predicted that Tesla would become one of the most valuable companies in the world. At the time, his company held about 1% of Tesla's shares. Investments in the electric car company brought Barron $4 billion in profits.

The well-known fund manager expects Tesla's stock price to rise by 300% to 400% over the next 10 years. Tesla shares rose 0.15% on Thursday to close at $756.99.

“For Tesla, I think the opportunity lies in changing the cars we make in the US from gasoline to electric, something that has never been possible before,” he said.

Barron said that Tesla's rivals include car dealers, traditional car companies, and oil companies, which is not easy, but he thinks Elon Musk is worth his bet.

Barron now owns four Tesla cars, and he believes the company will continue to lead the way in the future. “They're innovating at the speed of light,” he said.

Barron founded Barron Capital Management in 1982. At the time, the company's assets under management were only $100,000, but now they have reached $56.7 billion. Barron personally owns about 5% of the company's assets.