Jim Cramer on Elon Musk and Tesla, Inc. (TSLA) Stock: “He’s the biggest celebrity in business history”

We recently published a list of Jim Cramer Says Trump’s Tariff Strategy Is Working & Discusses These 11 Stocks. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other stocks that Jim Cramer discussed.

In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed the outcomes of President Trump’s tariffs and whether Trump is hostile to the markets. March has been marked by a massive stock market selloff which wiped off trillions of dollars in value as investors grew uncertain about the US economy and the tariff narrative. Commenting on these developments, Cramer remarked:

“I believe that the President watches CNBC. I think the President recognizes that perhaps it would be good to start narrowing things down. He’s made some real progress. I mean there’s companies that seem to decide to put plants here everyday. Right? I mean, it’s working. And he doesn’t want to destroy the market. I think that there’s this perception that he doesn’t care anymore. I think that’s bogus. I think he cares tremendously. I think that it’s a canard that he doesn’t. I don’t know about our Treasury Secretary, even though he’s 35 years in the market. . .But I do think that the President cares passionately about the market. That was a misdirection play.”

Along with discussing Trump’s thoughts on the markets,  Cramer also commented on whether Trump’s strategies are yielding results. The CNBC TV show host has supported tariffs in his previous appearances as he believes that America’s trading partners are being unfair. Cramer believes Trump’s strategy is working:

“His strategy’s working. Because these countries are caving. And these companies are caving. And they’re building things here. You know we see them all the time. Korean companies are now folding. European companies will fold. Because they’re afraid. They’re afraid of him. And it’s working. That strategy’s working. What’s not working is the idea that tomorrow he might change it. He’s gotta stick with this. What he said this week it’s gotta stay. That’s what has to happen. You can’t change again tomorrow, say that you’re not reciprocal, we’re going blunderbuss. Cause reciprocal’s what business wants. Blunderbuss protection they don’t want. Over and over again I heard that this morning. Over and over again.”

As for China, Cramer doesn’t trust the country. He believes that the Chinese government is “playing one hand military and in the other hand they’re inviting people over,” in regards to major American companies’ executives meeting Chinese government officials.

Our Methodology

To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on March 24th.

For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders In Q4 2024: 126

Tesla, Inc. (NASDAQ:TSLA) is Elon Musk’s car company whose shares have been hit hard in 2025. Analysts are divided about whether Musk’s political activities will significantly hamper Tesla, Inc. (NASDAQ:TSLA)’s car deliveries and whether AI and robotics are more important to its narrative than EVs. Cramer commented on the robots:

“Talked everywhere. In every single venue. I mean I must have been in a half dozen venues when I was out West. People wanted to know. What’re you hearing? What’re you hearing? It’s kind of like, he’s the biggest celebrity in business history, and he comes up in every conference.”

“Okay so Jensen says, Jensen Huang, CEO, we’re gonna be renting robots two, three years from now. And I’ve met the robots, very well behaved. And they’ll clean your dishes. And they’ll do the bed. They’re ready. They’re ready to be here. And it’s going to be his [Musk] robots. Because they’re human-sized, their faces are a little blank. This is what people talk about. The renting of robots.”

“Musk’s robots have unbelievable tactile. . .”

Overall, TSLA ranks 7th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. This article is originally published at Insider Monkey.