ron baron who's the chairman and ceo of baron capital ron, it is a pleasure to have you here today thank thank you for inviting me >> i want to dig down on your investments, but before we do, i feel we should ask you broadly about the market you have come on telling us the market is the place to be. that you have to be there if you plan to make your money work for you and earn more than inflation over time. right now we're looking at a market that's virtually stall ed out. we're where we started the year for the dow. we have seen a quiet rally over the last seven trading sessions. things have picked up. what's your sense about where things stand right now what's your sense of valuations? >> well, with interest rates higher and that's a negative for valuations and oil prices are higher. that's a negative for the economy, i think so the growth is going to be faster in the short-term, you have conflicting, you know, developments which are making stocks relatively flat but the big poikture is stock prices and the economy are intricately tied together over the long-term. and we expect that yo

. >> ron baron was on squawk and repeatedly defended tesla.alked about his average price point in the last few years around 217 here is what he said. >> i think tesla we're going to make 20 time ours money. >> because >> because the opportunity is so enormous and people are saying, gee, you're spending a lot of cash. of course. they're building factories when you build factories you're not making that much. >> he said he doesn't think he'll need to come back to the market for more money. >> i don't think so either. >> see this is the issue, he didn't say -- i think it can move up 10 or 20%. he said 20 times that's the kind of thing when you hear it and you're at home and you're retail investors, you say you call your broker and buy 200 shares i don't like that. i think that 20 times -- >> i would love to understand a little bit more behind that. >> he said that for years. >> literally. >> yeah. i don't like it. look, i think it's fine to say it'll go up. if i said 20 times, okay, i want in i work for cnbc. if i said 20 times and the stock went

are you ready for this we have ron baron of baron funds, of course he'll be our guest host.s going to be talking about the long term as he always does we have a lot of questions for him including his take on tesla which he's been a big bull on. also we're going to talk to ed lee and he'll talk about the dow. if you are a mets fan or seinfeld fan i don't know if you're both, brian, possibly? >> one not the other. >> keith hernandez. >> that's cool >> that is cool. >> i'm not a mets fan. is anybody actually a mets fan that's not a thing, is it? >> i grew up in new york we were yankees fans but we went to a lot of mets games mookie wilson, darryl strawberry, that was a generational thing. >> mookie wilson was the name of the band pearl jam i literally made that up my daughter's name is shea. do you like the mets no, it means i can chant it home in gaelick. >> keith hernandez, that's all you've got to know. >> i love it where's elaine bettis. >>> let's switch back to oil prices at the pump keep inching higher the national average for gas now $2.87 a gallon 53 cents higher than l

. >> you're referring to ron baron yesterday on "squawkbox" said it would be a 20 bagger >> yeah.nk a lot of retail people caught that yesterday are saying don't worry about it let's go buy more. this was a very damning piece. >> so many shorts crawling all over this name. >> times they can mislead but a lot focussed on, for example, the cash during the quarter. why do they only have 5 million in interests they should have had 11 in interest are they drawing it down to pay venn or its and bring it back toward the end of the quarter. does that mean or show, you know, they're closer to the edge than you might think >> that's one of so many different arguments being made in terms of the precarious nature of the balance sheet and many would say they're going it need to raise more capital, guys, before they get anywhere near free cash flow positive on the production. >> okay. let's say you're following intel. >> yeah. >> and you see the people who have left. would you believe that brian said what we're doing is flattening the organization. that's why i love it it may be the 15 bagger,

do i think tesla is the equivalent to gm that's stretching it i don't see how ron baron gets there., i would be selling tesla to ford or gm and let them do the scaling from here >> investors raise money, still, at these levels, guys, which is hanging over the stock, as he figuring out whether they raise capital that way or another. >> right i think as far as i can ascerta ascertain, baron is in the stock of $200 per share. if it's 20x for him, it gets to 4,000, not from today's price. who knows. he's not precise about this. he's in the great name theory of investing. >> 20x on the size of the company, if it's $50 billion, we're talking, you know, unless they do a huge buyback or something. >> no. it's very hard to get there, those numbers. >> you said, to him, it's about e elon musk. >> he invests very long term, stocks you own forever because it's a massive secular growth opportunity, whether it's charles schwab back in the day the way it was you believe in the grand vision, or you think that essentially they are just consuming capital without a payoff >> do you think, dennis, they