10 Large Cap Stocks Jim Cramer Can’t Stop Talking About

8. Tesla Inc. (NASDAQ:TSLA)

Number of Hedge Fund Investors: 85

Market Capitalization: 672.7B

Jim Cramer highlights that investors should consider buying Tesla Inc. (NASDAQ:TSLA) shares ahead of the company’s robitaxi event on October 10. Despite Tesla Inc. (NASDAQ:TSLA)’s stock being down roughly 13% year-to-date, analysts at Piper Sandler have maintained a buy-equivalent rating and a $300 price target for the stock. Cramer suggests that the upcoming event could renew investor interest and potentially drive the stock higher.

“Investors should own shares of Tesla into the electric vehicle maker’s robitaxi event set for Oct. 10, according to analysts at Piper Sandler. The unveiling event was originally slated for Aug. 8, but CEO Elon Musk has said he requested design changes that resulted in the delay. Piper Sandler maintained its buy-equivalent rating and $300 price target on the stock. Shares of Tesla are down about 13% year to date.”

Tesla Inc. (NASDAQ:TSLA)’s Q2 2024 earnings reveal a strong performance and a bright future. Tesla Inc. (NASDAQ:TSLA) reported revenue of $30.4 billion, marking a 14% increase from last year, and net income of $2.9 billion, surpassing analysts’ expectations. This solid financial performance stems from high electric vehicle (EV) sales and improved operational efficiency, which has boosted its gross margin to 23.1%.

The positive outlook for Tesla Inc. (NASDAQ:TSLA) is backed by its continuous innovation and leadership in the EV sector. Recent expansions, including the new Gigafactory in Mexico, are set to increase production capacity and reduce costs. Advances in battery technology and energy storage are expected to further fuel growth. Upcoming product launches, such as the Cybertruck and a new generation of vehicles, are likely to drive higher demand and expand Tesla Inc. (NASDAQ:TSLA)’s market share.

Additionally, Tesla Inc. (NASDAQ:TSLA)’s advancements in autonomous driving technology enhance its investment appeal. Tesla Inc. (NASDAQ:TSLA)’s Full Self-Driving (FSD) software is advancing, increasing the attractiveness of its vehicles and reinforcing Tesla’s competitive advantage in this area. Analysts from Goldman Sachs and Morgan Stanley are optimistic about Tesla Inc. (NASDAQ:TSLA)’s future.