ron baron is the chairman and ceo of baron capital that has nearly $42 billion in assets under management've been talking an awful lot about where the market stands right now, where things are headed and i just wanted to point out you did make a call on june 17th that you said this was a once in a generation buying opportunity. if we can take a look at the chart of the s&p since that moment, it bottomed on june 16th you were right, stocks have come up significantly since then. just wondering what you're thinking at this point was that the bottom? >> i was saying that this was an opportunity that started then and continues now. by the way, i know lori ann told me i should regard every moment i speak as worth a dollar or million dollars or whatever. i don't want to waste anytime. and then i was asked what are you going to say, and he's the president of your organization and i promised i wouldn't tell becky anything so here i am the market was going down significantly for eight or nine months when we spoke on june 17th at that time, virtually everyone you had on was saying negative thing, an

. >> speaking of being aggressive and competition, ron baron was on "squawk box" and talked about beingullish tesla. thinks it can still be a three or five-bagger the next ten years and talked about how he is maybe obviously unhappy with mercedes' competing product. here's what he said. >> after opening a mercedes car last night, i hated it the electric mercedes. it just -- the battery is in the wrong place, the center of gravity isn't right. >> is that just a taste of the trash talk we're going to be hearing the next few years >> yeah, you're going to see a lot of trash talk. he's got a big position in tesla. what do you call that, talking your own book? everybody has got their own opinions listen, the bottom line is all the major automakers are coming out with really, really good electric vehicles over the next 12 to 24 months. the question is are consumers going to show up, particularly at elevated levels of pricing. but there's going to be a lot of trash talking going toward. >> finally, mark, experion had some data out today. the surging pricing and surging reliance on financing a

. >> speaking of spacex, ron baron talked about his investment in spacex being one of the largest ofcouple months. then again the amount of money he expects to make still from tesla post split take a listen. >> i love tesla. we've been investing in tesla for eight years now since 2014, made about 20 times your money, made about $60 billion, $70 billion on a $380 million investment i think we'll make three to five times our money again in the next ten years i am so excited. the next ten years i think tesla will be the largest company in the world and ten yeerps after that i think ten years after that it will be challenged by spacex >> when he used to say things like that five years ago, i kind of laughed at him. now you can't. tesla, by the way, i think the split happened, right? so don't be fooled but, you know, it's almost a trillion-dollar market cap even now. >> you do? >> i've known ron baron since 1987 there isn't anything about him given to hyperbole >> so the spacex challenging tesla -- >> the first part. the spacex is harder for me. but tesla is -- >> up to $125 billion-plus

what does the company have to do to be as big in the next ten years as ron baron expects >> well, good afternoon, jon, and thanks for having me on the show tesla has dominant share of the electric vehicle marketplace today. it has 20% of all evs sold globally arguably if they were able to hold share and have 20% share of the ev market and all cars were evs, 90 million cars a year, tesla would be selling 18 million a year instead of 1.5 million today. the question is can tesla maintain its share over time i think that is a question there's no automaker today who has more than about 9% or 10% share and that would be toyota and volkswagen the market is more competitive han it has been. traditional low oems it may be a tall order to believe that tesla can continue to maintain share in the face of more and more evs coming to the marketplace. >> but here is my worry, though, is that saying that is a little like saying back 20 years ago here is what percentage of the pc market apple would have to grow into to justify it being worth anything near half a trillion we know it's beyond that and no

plus a tech club in the heartland and make his state the center of transportation innovation later, ron baroninvesting in fig and riot resorts should you follow the lead we'll talk about it in the lunch. ch robinson, cf duriinstes and on semi. "power lunch" will be right back ♪ ♪ ♪ ♪ >> a baseline would be that probably inflation will be more persistent than what many on wall street expect and that's going to be higher for longer and i think that's a risk that's underpriced in markets today. >> do you worry about that when you look at the outlying futures contracts and say -- >> all right that was st. louis fed president james bullard just moments ago, speaking with steve liesman. his comments coming one day before fed chair jerome powell is said to give his speech at jackson hole a speech that can have big implication from the markets let's get reaction from michelle gerard, for natwest markets. nice to see you again. good to see you back >> hi, tyler. >> you have just heard what mr. bullard said he always speaks his mind and he thinks that the equity markets, principally are underpricing th

we do have an exclusive interview with one of tesla's largest hair holders r ron baron. >>> and comingal battle with the social media giant. >>> plus, president biden expected to deliver more student death relief we've got that and more. "squawk box" rolls on. >>> now for today's aflac trivia question what national breakfast chain claims it serves 341 strips of bacon, 145 waffles and 127 cups ofof cfee every 60 seconds the answer when cnbc's "squawk box" continues aflac! paul is about to suffer a shelf-inflicted injury. luckily, aflac will help cover his unexpected medical bills. aflac! maybe you could use the money to buy a step stool. i have a step stool. so why are you climbing a shelf? the stool's on top of the shelf, isn't it paul... (shelf crashing) yeah... ♪ ♪ aflac! [zoom call] ...pivot... work bye. vacation hi! book with priceline. 'cause when you save more, you can “no way!” more. no wayyyy. no waaayyy! no way! [phone ringing] hm. no way! no way! priceline. every trip is a big deal. >>> now the answer to today's afla aflac tref yeah question what national breakfast chain clai

barons recently reported that exxonmobil, this ron and ox dental are a few of the fossil fuel companies that would benefit the most under this bill. now, mr. president, if the ceo of exxonmobil, a company that perhaps has done more than any other entity on earth to cause climate change, if they are pleased with this bill, i think all of us should have some very deep concerns about what is in this legislation. further, under this bill, up to two million acres of public lands must be offered up for sale each and every year to the oil and gas industry before leases can move forward for any renewable energy development of public lands. in total this bill will offer the fossil fuel industry up to 700 million acres of public lands and waters to oil and gas drilling over the next decade, far more than the oil and gas industry could possibly use. mr. president, that is not all. the fossil fuel industry will not just benefit from the provisions in this reconciliation bill, a deal has also been reached to make it easier for the industry to receive permits for their oil and gas projects. this deal

ron klain or season rice tell twitter to jump and twitter asks how high. how do we know? look no further than what happened to former "new york times" reporter alex barontone. his accounts were pulled multiple times for sharing covid misinformation and now we know that the white house had a hand in his online ouster. last week baron stone released information between white house aides and twitter staffers outkick. they wanted to know employee one wrote to another describe a recent meeting with senior adviser to president biden's covid response team. andy suggested they had seen data visualization that had shown he was the epicenter of disinformation that radiated outward to the persuadable public. twitter deplatformed him. twitter claims it doesn't take orders from the biden administration. now that is disinformation. and now with political midterm elections less than three months away, how can we be so sure that joe biden won't force twitter to do his bidding all over again. dana loesch is a nationally syndicated radio host and she joins knee now. dana, good to see you. >> good to see you, sean. >> conservatives that these little woke snowflakes in sa