The billionaire investor explained to CNBC on Thursday that he was browsing Elon Musk’s SpaceX around Los Angeles on Monday early morning, conference with engineers and finance team. Then in the afternoon, he traveled up the coastline to Tesla to see personnel operating on autonomous-driving know-how and “the compute persons.”

Baron reported the 12th iteration of the technological know-how has benefitted from huge quantity of data collected by Tesla vehicles and by a lot more AI-driven computing electric power. Which is soon after before variations demanded much more manual coding, which slowed progress.

“Humans just cannot do it. Now they have compute to determine every little thing out. So now you’re on the verge with autonomous driving in your auto,” he spelled out. “So I reported, ‘OK, display me.’”

For a few several hours, Tesla employees went about the technological innovation with him. Just after that, Baron advised them he needed to see how it will work before he experienced to head back to New York.

So they bought into a automobile in the parking good deal, accompanied by an analyst and two Tesla personnel, he recalled.

“We’re sitting down in the auto, and so, ‘Where do you want to go?’” Baron ongoing. “I explained, ‘I want to see Steve Jobs’ residence.’ And they say, ‘OK,’ and they punch in the deal with.”

The vehicle departed on its own, driving through the Tesla parking good deal and ready for visitors to move before turning on to the highway.

It turned once again and drove powering other cars. When it received to a quit indication at an intersection, the motor vehicle waited for other motorists in advance of taking its flip though also examining in each directions.

Then a pedestrian started off crossing the road, and the car or truck stopped, Baron reported. The pedestrian waved at the waiting car, which resumed its journey afterward.

“Then it pulls up and can make a remaining hand transform and then goes in entrance of Steve Jobs’ property,” he additional. “It’s a good home, just a home though.”

Right after that, the motor vehicle went back: “It drove all by by itself.” When pressed by CNBC on the timing of Tesla’s autonomous-driving capabilities, Baron simply just answered, “now.”

Tesla did not immediately reply to Fortune’s ask for for comment.

The initially-hand demonstration of Tesla’s self-driving know-how came at a vital time for Musk’s electric powered auto business. On Tuesday, Tesla claimed a steep dive in initial-quarter profit as slipping profits and price cuts hit margins.

But Wall Avenue breathed a sigh of reduction as Musk also claimed Tesla is going forward with a decreased-expense EV design, soon after some analysts had previously concerned that he would prioritize his robo-taxi ambitions alternatively. Meanwhile, Tesla has also introduced position cuts, although a string of leading executives are heading out the door.

For his aspect, Baron remains bullish on Tesla stock, which represents the most significant position in his portfolio. Citing the very low-price tag auto and robo-taxis, he predicted shares are “going to go up enormous. Now is the bottom.”

Continue to, he also voiced some frustration with the earlier effectiveness of the inventory, up only 1% since this time past yr and down in general considering the fact that the start off of 2021. 

“It’s not so enjoyable to be up 1% in a yr when the sector is so robust,” he instructed CNBC. “I do glance all-around all the time and see absolutely everyone obtaining rich—and I’m not inadequate, but I have not produced a great deal of progress in excess of the previous three years, so for that reason I believe it’s like a rubber band—I’m heading to catch up once again.”