Ramish Cheema
2 min read
In This Article:
Tesla, Inc. (NASDAQ:TSLA) is one of the Jim Cramer Warns Viewers About FOMO & Discusses These 19 Stocks.
Tesla, Inc. (NASDAQ:TSLA), the world’s largest pure-play electric vehicle manufacturer, has continued to face turmoil in the stock market this year. Despite the fact that the shares have lost 14.6% year-to-date, Cramer has remained optimistic about the firm. Like Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk, Cramer also believes that the firm is a technology and robotics company. As a result, the CNBC host has been left mostly unbothered by the stock price performance. He has also changed his mind quite a bit about Tesla, Inc. (NASDAQ:TSLA). After Musk’s brief spar with Trump earlier this year, Cramer wondered whether the company would face the heat. However, pretty soon he became a bull as the two of the most powerful men in America settled their differences. After co-host David Faber pointed out that Tesla, Inc. (NASDAQ:TSLA) was struggling with vehicle deliveries, Cramer replied:
“You can’t worry about those. It’s not a car company. . . cause I believe what Musk says cause Musk is working with Jensen and Jensen’s telling me what’s happening on the other side is pretty amazing.”
In his earlier remarks, Cramer commented on Tesla, Inc. (NASDAQ:TSLA)’s robotaxi launch:
“[On videos of robotaxi cars making mistakes in Texas and NHTSA contacting Tesla as a result] Look I mean drivers make mistakes all the time. Why should we hold Tesla to a standard where there can be no mistakes?
While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
