Jim Cramer Discusses These 10 Stocks & Says ‘Bro’ Market Is Froth

4. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders In Q4 2024: 126

Tesla, Inc. (NASDAQ:TSLA)’s shares have been the talk of the town in March. They have shed nearly 21% of their value during the month on the back of worries about dropping demand for the firm’s vehicles due to CEO Elon Musk’s politics. Cramer has commented on these concerns and stressed that Tesla, Inc. (NASDAQ:TSLA) needs to point out to investors that it is an AI and humanoid robot company. He pivoted to the vehicle sales this time around:

“Oh I mean like the unsigned letter. . .

“Well I mean people still keep looking at the, the actual numbers of the sales. And they’re not great. You know that undercurrent is always, well, he turned out to be, Musk turned out to be very political and hard right, and there’s a, there is an overlap between people who are worried about climate and the left. Plus the protests. Lot of things going on against it. If I were him, I’d focus on I don’t know, SpaceX.

“[On Wells Fargo calling the sales decline shocking] Shocking. Shocking. And some of that, remember, is BMW didn’t have good numbers, but BMW is export to China. Auto business is really not that good right now. People don’t realize that when the President was talking about putting bigger tariffs on Canada. That is right, that just kills GM. Explains why their multiple’s really bad. It hurts Ford. These autos are really ping pong. So if you’re gonna hurt GM and Ford, you gotta then put a tariff on Korea. I just wish the President would get over it.”