Jim Cramer Discusses These 10 Stocks & Says Bitcoin Created “Froth” In The Market

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders In Q4 2024: 126

Tesla, Inc. (NASDAQ:TSLA) is the largest pure-play electric vehicle manufacturer in the world. Unlike other firms, the stock is tied closely to market sentiment about the firm’s CEO Elon Musk. After President Trump’s election victory last year, Tesla, Inc. (NASDAQ:TSLA)’s stock reversed the impacts of a sluggish EV market and closed the year 74% higher. However, weak deliveries and concerns about Musk’s politics hurting the brand have led Tesla, Inc. (NASDAQ:TSLA)’s shares to dip by 23% year-to-date. Here is what Cramer said:

“He [Musk] has a changeover in Tesla. There’s a changeover that he’s doing on the autos.”

“Alright so let’s say you send him an email saying listen what did you accomplish last week? What would he say? I’m down 47% in Germany? What would he say if you sent him that email?”

“I know. The industry’s doing incredibly well. And that’s literally, now you have to start questioning. Are they, is the left boycotting it?”

“And we’re still waiting for what’s gonna happen [inaudible] self driving. Look I think it’s a buy right here, frankly.”

“He [Musk] hasn’t lost his touch, he hasn’t lost his touch. Humanoid yes, Jonas.”

“Well, Tesla is a feel stock, it’s never been an earnings stock.”