I Speculated That Stanley Druckenmiller's Tesla Buy Was About FSD. Billionaire Investor Ron Baron Just Confirmed My Thesis.
Stanley Druckenmiller recently initiated a large position in Tesla, but his investment thesis might not have anything to do with artificial intelligence.
Last month, I proposed that Stanley Druckenmiller's acquisition of call options in Tesla (NASDAQ: TSLA) was primarily driven by his interest in Full Self-Driving (FSD) rather than the company's AI pursuits or long-term projects like Robotaxi and Optimus robots. Robotaxi and Optimus, while promising, still exist primarily in the future, whereas FSD is generating revenue now with a growing user base and increasing attachment rate.
This sentiment was echoed just last week by mutual fund investor Ron Baron, a longtime supporter of Elon Musk. Baron made a bold statement on CNBC, suggesting that now is the time to invest in Tesla, with FSD at the core of his reasoning. While Baron's comment doesn't explicitly confirm that Druckenmiller followed the same line of thought, it highlights how two prominent investors are targeting the same opportunity, with FSD appearing to be the unifying factor.
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