Iconic investor Ron Baron is supporting Tesla stock for the long haul Tesla Market news
For Twitter, however, Musk’s stake is quite meaningful, simply by being such a large investment — and officially making Musk Twitter’s largest stakeholder with the 9.2 percent stake worth around $2.89 billion.
Interestingly enough, however, Musk has gone on to decline a seat on Twitter’s board following employee concerns, according to a statement from the social media company CEO Parag Agrawal, and as reported byStill, Musk’s denial of a board member position won’t take away his influence on Twitter, though it may convince some of those who are bearish on Tesla’s stock of Baron’s philosophy. With less direct responsibilities on his hands at Twitter, Musk’s plans for Tesla won’t be derailed.
Recently, Baron Capital sold around a billion dollars worth of Tesla shares, and Baron was quick to share this with. However, his portfolio still includes around 12.8 percent of total assets under management invested in Tesla, representing a whopping $6.2 billion after the automaker’s shares skyrocketed in the past couple of years.
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