Tesla Bull Ron Baron & Education Secretary Linda McMahon 3/11/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 11 March 2025

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tesla shares have lost 50% of their value ($800B in market cap) since their peak in December, dropping 15% in Monday’s trading session alone. Despite the slide–and Elon Musk’s increased visibility in DC–longtime Tesla shareholder Ron Baron says he's still a believer in the company’s fundamentals and the company’s leader. Tesla comprises 32% of one of his funds, and Baron explains his persistent optimism. Tesla isn’t the only stock under pressure; the Dow dropped 900 points on Monday, and the Nasdaq suffered its worst day since 2022. Plus, U.S. Secretary of Education Linda McMahon explains why, as a bureaucrat, she believes bureaucracy hurts more than helps education outcomes. Sec. McMahon discusses the imminent unwinding of her own department. Ron Baron - 13:56 Linda McMahon - 45:05 In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:03.0	Hi, I'm CNBC producer Katie Kramer.
0:07.0	Here's what's coming up today on Squawk Pot.
0:10.0	Markets in major sell-off mode, investors worried about the state of the economy
0:15.0	and the world's richest, losing some zeros on their balances.
0:19.0	You know, if you hate billionaires, this is a great day. Legendary investor Ron Barron is our special guest.
0:23.6	During volatility, the founder of Barron funds stays unruffled.
0:27.6	It makes people very unsettled right now, all the things that are happening so quickly.
0:31.6	I think they're intentional.
0:33.6	I think that the government, you had a musk, incredibly consequential person, advising the president, and I think that the government, you had a Musk incredibly consequential person,
0:38.4	advising the president. And I think that all the things they say that make the market go up or down.
0:44.3	Tesla in particular, suffering some major downs, but the longtime Tesla Bowl is still betting on
0:50.2	Elon despite his focus on Doge. I would hope that he would be a little less visible, but he feels that this is the way he's
0:58.0	going to get things done, and he's been getting, you're uncovering unbelievable things.
1:03.3	Plus, unwinding bureaucracy in education.
1:06.7	Good idea, says the sitting bureaucrat.
1:09.1	I think we're going to see improvements in our scores when we get the bureaucracy of the Department of Education out of the way.
1:15.5	A conversation with a brand new U.S. Secretary of Education, Linda McMahon.
1:20.7	It's Tuesday, March 11, 2025.
1:23.8	Squawk Pod begins right now.
1:26.0	Stand Becky by in three, two, one.
1:28.9	Cure, please.
	...

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