Jim Cramer Talked About These 12 Stocks Recently

4. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

A caller asked Cramer if Tesla, Inc. (NASDAQ:TSLA) is a falling knife or if SpaceX’s rocket is ready to take off. Here’s what Mad Money’s host had to say:

“It is neither. Tesla is a fantastic tech company. We know there are people who are beginning to say, wait a second, I see Musk doing a lot of things. Maybe he’s not focused on, on Tesla. Here’s what he’s focused on: making money in all his ventures and then saving money. When it comes to the government, I have no problem with what he’s doing

I would say this though, EVs right now aren’t selling well around the world. It is, in the end, short-term, a car company, longer-term, a tech company. Put a small position on then see if it comes down. No more than that.”

Tesla (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles and energy solutions, offering a range of services including vehicle sales, financing, and energy storage products, along with solar energy generation systems and related services to various customers. Cramer has been backing the company for quite some time now and a few weeks ago, he said:

“Alright, then there’s Tesla. Now I think Elon Musk, get this, I think he could sell tickets to this conference call. He could command a thousand dollars, easy. The last time Tesla reported, missed numbers badly and then it proceeded to have one of the biggest runs ever. Just soared right when it reported that number, and I’ve gotta tell you, I figured it out. Actually, Morgan Stanley’s, Adam Jonas figured it out for me. He calls Tesla, after that quarter, an AI ETF. People want an IETF so they buy the stock no matter what, especially if it’s down the next day. I want you to own Tesla. Just own it.”