Ron Baron of the Baron Funds thinks Tesla Motors Inc (NASDAQ:TSLA) is a company “built to last.”
Companies built to last, Baron observers in a letter to investors, often have an outlook that spans generations, not the next fiscal quarter. While Tesla Motors Inc (NASDAQ:TSLA)’s founder, Elon Musk, looks 25 years down the road and sees with excitement people driving electric cars as a common place event, “competitors are being compelled to build and sell electric cars,” he said in a recent letter to investors. Baron says the old-line car companies do not want to build such cars and as a result, they are developing electric expertise so slowly that Tesla’s lead may soon become nearly insurmountable.
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