Jim Cramer Says I’m With Trump & Discusses These 12 Stocks

4. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders In Q4 2024: 126

Tesla, Inc. (NASDAQ:TSLA) is the world’s largest pure-play electric vehicle manufacturer. The shares have been under considerable pressure this year primarily due to vehicle delivery drops that most analysts believe are due to CEO Elon Musk’s political activities. In his earlier remarks about Tesla, Inc. (NASDAQ:TSLA), Cramer wondered whether the stock’s got to do more with artificial intelligence and humanoid robots as opposed to cars. Here are his latest thoughts:

“Okay, it’s not a car company. It’s a company that is a technology company. A technology company, it’s, David you know what it is? . . It’s a intellectual factory [sarcastically]. It’s an intelligence factory. And because of that, we don’t have to look at it anymore as a car company.”

“Well I’m not, Cathie Wood, what has she got like a [2,600 price target] . . .oh, okay, fine. I see 2,600, I raise to 27, 27 at the back, I got 2,800 at front, I got 2,800 front, going once, going twice, I have 2,900 on the phone, okay this is nonsense.”

“No I’m saying that, it is a technology company, you know that, and we’re alluding to it’s hoard of H100. But I’m saying they also have, I’m saying that the man has the Texas facility, which is remarkable. And, you know look, Waymo’s starting in Washington. If Waymo’s, you know Waymo’s nowhere as good as Tesla.”

“The street doesn’t want this thing down. It presents too much of what I regard as being the most important issues of our time right now. It’s cause it’s autonomous. It’s robot. But it also sells cars. And that thing, the thing that is. . .the pickup truck. That was, that was, that’s like front and center. That’s a federal crime if you deface them.”