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Ron Baron, chairman and CEO of Baron Capital, predicts that Tesla’s robotics business will be highly profitable and is not yet reflected in the company’s stock price. Tesla is currently developing autonomous vehicles and humanoid robots, with CEO Elon Musk aiming to make the company a leader in AI and robotics. Baron believes that Tesla’s robotaxi, set to be revealed on August 8th, will greatly benefit from ongoing software updates and will greatly improve people’s lives. Baron has been a longtime Tesla bull and the company is the biggest holding in his oldest and biggest fund, Baron Partners Fund.