Jim Cramer Talked About These 16 Stocks

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1. Tesla, Inc. (NASDAQ:TSLA)

Cramer discussed the possible role that Tesla, Inc.’s (NASDAQ:TSLA) Elon Musk could play under a Trump administration. Here’s what Mad Money’s host had to say:

“The rally in Tesla, that one has legs. I’m telling you, I can’t believe it wasn’t up much more. For Trump, politics is personal. He’ll reward Elon Musk as much as he can given the constraints of the law. Tesla does need some things. Musk wants full self-driving approval nationwide. You know what, Trump might push for interstate self-driving. Musk wants any break that unionized auto companies have. He can run the table against anyone in the space. This one goes higher.”

Tesla (NASDAQ:TSLA), a company renowned for its electric vehicles and innovative energy solutions, has seen impressive gains in its stock price following the U.S. presidential election. Its stock was up over 39% since the election, and more than 40% year to date. This surge has pushed its market capitalization back above the $1 trillion mark, a milestone it first reached in late 2021 before losing it during a market downturn.

A significant driver of Tesla’s (NASDAQ:TSLA) potential lies in its development of autonomous driving technology. The company recently unveiled its self-driving “Cybercab” robotaxi, which it plans to launch by 2027. This announcement has captured the attention of investors and Elon Musk has expressed confidence in the progress of this technology, suggesting that regulatory approval processes could be streamlined under a new political environment. In a recent conference call, Musk argued that there should be a federal approval process for autonomous vehicles.

While we acknowledge the potential of Tesla, Inc. (NASDAQ:TSLA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. 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: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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