Billionaire buy-and-hold investor Ron Baron told CNBC on Monday he expects big things from Tesla Motors and Manchester United—both of which are $200 million-plus investments at his money management firm.
Both are relatively new holdings for Baron—within the past two years. So far, they've been flat, he said. But he predicted on "Squawk Box" that he could make 10 times his money on electric automaker Tesla in the next 10 years because "governments don't want people to use energy, to use carbon fuels."
"Right now, it costs about 75 cents the equivalent gallon in electricity. Of course, I think that 75 cents is going down," he estimated—comparing the cost to gasoline, which averaged $2.20 a gallon in the past three weeks, according to the latest Lundberg survey. Due to falling oil prices, that does represent a 27-cent drop from the previous period and the lowest level since April 2009. Baron shook off questions that lower gas costs would hurt Tesla.
He said he just got a new Tesla. "You've driving this car and you pass gas stations and you realize you're never going in again, except if you have to go to the bathroom."
From the open road to the soccer field, Baron said he expects to make two or three times his money on Manchester United over the next four or five years.
The company provides the storied English club a platform to generate revenue from sponsorships, merchandising, product licensing, new media and mobile, broadcasting and matchday sales at the Old Trafford sports venue.
The reasons for his bullish prediction: "[Soccer] is the most popular television program in the world," and live sports can't be time shifted like most other programs.