14 Stocks That Jim Cramer Recently Talked About

4. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders In Q3 2024: 99

Tesla, Inc. (NASDAQ:TSLA) is the world’s biggest pure-play electric vehicle manufacturer. Since the November election, the firm’s shares have gained 84% on the back of CEO Elon Musk’s close ties with the incoming administration. The share price growth has removed all losses since Tesla, Inc. (NASDAQ:TSLA)’s autonomy day which spooked investors due to a lack of specifics related to the firm’s robotaxi plans. Cramer’s comments surrounding Tesla, Inc. (NASDAQ:TSLA) covered Musk and his relationship with the President-elect. Musk’s firm has seen turmoil in 2024 on the back of a weak EV market which depressed the share price before the election. Here’s what Cramer shared:

“I think that this story during this period is actually much, not as much Trump and Musk as I think as many people think, and much more that this is now a tech company and it happens to coincide with this period. You know Dave look a lot of people just say that its great that they’re going to be together. But it’s not as if Tesla’s going to suddenly be favored. As a matter of fact there’s a story today that we know of on crash, crashes where Tesla’s would be the losers.

“There’s a conflict about, there’s a decision that Trump may make about scrapping car crash. . . .I’m just saying it’s not the news flow, is not what people are buying. No I’m saying the actual news flow about Tesla.

“I’m just saying that you can’t get this valuation from cars is what I’m saying.. . .”The Full Self Driving right now, if you talk to Waymo, these guys have nothing.

“You need to have a Federal highway system, you need to have Trump say you know what, you can be Full Self Driving on the highway system. .  . .I’m just saying that it’s more about Tesla the ethos than it’s Tesla the car.”