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Ron Baron says Tesla stock will soar to $1,000 by 2020

Billionaire investor Ron Baron thinks Tesla shares have a lot of room to run.

Speaking on CNBC's "Squawk Box" Tuesday morning, the founder of Baron Capital said, "I think it is going to be about $500 to $600 next year, and I think it is going to be $1,000 in 2020."

At that time, Baron...