Jim Cramer Recommends These 10 Stocks

4. Tesla Inc. (NASDAQ:TSLA)

Number of Hedge Fund Investors: 85

Jim Cramer notes that analysts at Piper Sandler recommend buying Tesla Inc. (NASDAQ:TSLA) shares ahead of the company’s robitaxi event, which is now scheduled for October 10. Despite the setback, Piper Sandler has kept its buy-equivalent rating and $300 price target for Tesla Inc. (NASDAQ:TSLA). Currently, Tesla Inc. (NASDAQ:TSLA)’s shares are down approximately 13% year-to-date.

“Investors should own shares of Tesla ahead of the electric vehicle maker’s robitaxi event set for October 10, according to analysts at Piper Sandler. The unveiling was originally slated for August 8, but CEO Elon Musk requested design changes, which led to the delay. Piper Sandler has maintained its buy-equivalent rating and $300 price target on the stock. Shares of Tesla are down about 13% year-to-date.”

Tesla Inc. (NASDAQ:TSLA) is a top player in the electric vehicle (EV) market, known for its cutting-edge technology and strong brand. Its EV lineup, including the Model S, Model 3, Model X, and Model Y, is praised for high performance, long-range, and advanced features. Tesla Inc. (NASDAQ:TSLA) is actively expanding with new manufacturing plants, such as the Gigafactories in Berlin and Texas, which will increase production and reduce costs.

Additionally, Tesla Inc. (NASDAQ:TSLA)’s expansion into emerging markets like China and India offers significant growth potential. Tesla Inc. (NASDAQ:TSLA)’s focus on innovation is clear with advancements in battery technology, autonomous driving, and energy solutions. Investments in Full Self-Driving (FSD) technology and battery improvements keep Tesla Inc. (NASDAQ:TSLA) at the leading edge of both the EV and tech sectors.

Beyond cars, Tesla Inc. (NASDAQ:TSLA) is growing its energy business with products like the Powerwall and Powerpack to meet the rising demand for renewable energy. High customer demand and strong brand loyalty further boost Tesla Inc. (NASDAQ:TSLA)’s growth prospects and make it an attractive investment.