Did Jim Cramer Get These 23 Stocks Right?

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19. Tesla Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

When asked by a caller of the show whether Tesla Inc. (NASDAQ:TSLA) can turn its fortune around, Cramer replied with:

“I think he (Elon Musk) can turn it around. […] They got a new iteration coming, I think that’s going to help. Let’s not give up on Tesla down here.”

Tesla Inc. (NASDAQ:TSLA) has had a strong run, climbing 29.76% since Cramer’s remarks.

More recently, Tesla Inc. (NASDAQ:TSLA) has been declining rapidly due to some controversies surrounding its CEO, Elon Musk. Here’s what Jim Cramer said about it on the 13th of March:

“Okay, now here’s the thing you need to know, it doesn’t matter where you bought something, it matters where it’s going to. The stock’s been cut in half, it seems like a bad stock. It’s going to now turn a narrative to being about humanoids and being about self, hands driving. So you’re fine with that. I also like Uber. Six or a half dozen for me, frankly. That’s how much I like both of them.”

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