Ron Baron, the billionaire founder of Baron Capital, was on CNBC this morning to discuss his latest favorite investment: Tesla Motors (TSLA). The mutual fund manager said that he sees Tesla becoming one of the largest companies in the world and he sees his fund holding it stock for the next 10 to 20 years.
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SpaceX and Texas A&M University hosted the ‘Design Weekend’ phase of the ‘Hyperloop Pod Competition’ this weekend and a team from the Massachusetts Institute of Technology (MIT) came in first place for having the best design by a student team, while the rLoop team from Reddit won the best design by a non-student team.
The picture above is rLoop’s trophy and yes, it is signed by Elon Musk.
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Earlier this summer, rocket manufacturer SpaceX announced the Hyperloop Pod Competition; a two-phase competition to first evaluate pod designs and then test scaled down prototypes on a 1-mile Hyperloop track. We now learn through Fortune that hundreds of teams have signed up to participate in the competition including 130 universities.
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