Jim Cramer Discusses Joe Rogan, Elon Musk, And These 13 Stocks

5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders In Q3 2024: 99

Tesla, Inc. (NASDAQ:TSLA) is the largest pure-play electric vehicle manufacturer in the world. While most of the firm’s revenue is still generated by electric vehicles, Cramer’s recent discussions have focused on CEO Elon Musk and Tesla, Inc. (NASDAQ:TSLA)’s technology initiatives such as assisted driving and artificial intelligence. Musk himself has stated multiple times that Tesla, Inc. (NASDAQ:TSLA)’s biggest product in the future will be the Optimus humanoid robot lineup. Cramer’s latest remarks for the firm commented on how the market is misguided when it comes to Tesla, Inc. (NASDAQ:TSLA)’s narrative and a recent price target hike by Morgan Stanley:

“Okay so when they reported the quarter it was bad. It was bad relative to expectations. But the whole dialogue switched and it just became a robotaxi. And then it became technology. And I think David, you correctly hit on over and over again, this is a neural network company. The giant Tennessee, uh, land grab of GPUs from NVIDIA coupled with the brains in the car has made it so we [inaudible] can’t think about this as a car company, we have to think about this as an accelerated computing, generative AI, vehicle. And anytime we don’t do that, the stock’s worth $200 without that.”

“[On TSLA using generative AI for assisted driving] Cheaper. Uh, and I think more likely to end up on the Federal Interstate Highway System which is another story that we might as well just put out there since nobody can refute it. Which is that President-elect Trump will allow Tesla to be on the Federal Interstate Highway System. Who’s gonna stop that, David? Who can stop that one?”