Tesla Motors Inc TSLA 2.62% shares are up 4.7 percent on Tuesday following some major positive press.

First, billionaire long-term investor Ron Baron told CNBC’s “Squawk Box” that he has high hopes for Tesla.

“I think this could become one of the largest companies in the United States and the whole world,” Baron said of Tesla. “They can do as much sales in batteries ultimately as they can in cars.”

Baron disclosed that he currently has a $300 million stake in Tesla at an average price of around $210/share.

In other news, research firm IHS on Tuesday said it now predicts that autonomous vehicle sales could reach near 600,000 units by 2025 and 21 million units by 2035. The new guidance is a significant boost from the firm’s previous predictions.

“Our new forecast reflects…

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