Stock market live updates: Dow futures up 300, Tesla tops $900 in parabolic move

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Billionaire Ron Baron told CNBC on Tuesday that he thinks Tesla could one day be “one of the largest companies in the whole world.” As of Monday’s close of $780 per share, Baron’s Tesla stake was worth $1.3 billion. He said he accumulated nearly 1.63 million Tesla shares at an average cost of $219 each. Baron said on “Squawk Box” that he sees Tesla generating $1 trillion in revenue in 10 years. “It’s nowhere near ended at that point and time.” He also thinks Tesla’s recent stock run is “just the beginning.” —Wayland

Source: https://www.cnbc.com/2020/02/04/stock-market-today-live.html

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