Jim Cramer Thinks These 13 Stocks Will Benefit From the New Administration

1. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

Cramer talked about Tesla, Inc. (NASDAQ:TSLA) during his episode of Mad Money on Monday and said:

“There are plenty of one-off Trump trades too, like Tesla, which is up 35% for November. This is all thanks to CEO Elon Musk’s special relationship with President-Elect. Of course, if Musk starts getting on Trump’s nerves, well you can see a serious pullback but you know what? I’d be a buyer on weakness though because I’m a believer in Musk’s leadership.”

Tesla (NASDAQ:TSLA), a leading company in the electric vehicle and energy sector, has experienced a notable surge in its stock price following the U.S. presidential election. The company, founded by Elon Musk, has not only seen financial growth but has also found itself in a more prominent political spotlight. This increase in attention was further amplified when President-elect Donald Trump appointed Musk to a newly established role in November, which focuses on enhancing government efficiency.

Its stock again saw a rise following reports that Trump’s transition team would prioritize creating a federal framework for regulating self-driving vehicles. According to a Bloomberg report on November 17, individuals familiar with the matter indicated that the Trump administration plans to make the regulation of fully autonomous vehicles one of the key focuses of the U.S. Department of Transportation. This move is particularly important for the company, which has heavily invested in autonomous vehicle technology.

At present, federal regulations pose significant challenges to the mass production of fully self-driving cars, a sector in which Tesla (NASDAQ:TSLA) is heavily involved. The current laws prevent the widespread deployment of vehicles without human control. Musk has expressed support for federal rules that would allow the use of self-driving cars across the country and the potential changes to regulatory frameworks under the Trump administration could benefit the company’s ambitions.

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.

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