Shares of Tesla are moving higher after a bold prediction from billionaire investor Ron Baron. Baron said on CNBC today that Tesla’s revenue will continue to grow, and that Tesla could become one of the largest companies in the world. Baron said that Tesla might be a stock he owns for the next 10 to 20 years, believing the investment could generate $6 to $7 billion during that period. Baron also said Tesla is well ahead of the competition. Baron estimates Tesla will have between eight and nine billion dollars in sales this year, and will see 20 billion in sales in 2017. Tesla reported revenue of $5.29 billion last year.
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