Was Jim Cramer Right About These 16 Stocks?

8. Tesla Inc. (NASDAQ:TSLA)

Number of Hedge Fund Investors: 126

At the time, Cramer saw Tesla Inc. (NASDAQ:TSLA) as oversold, suggesting it was a good time to start a position. While acknowledging its valuation, he urged investors to buy after its 30% decline:

“I thought the price increase today was very significant. I think Tesla’s come down too far. Now it’s $500 billion, so it ain ’t cheap. The stock is down 30% for the year. When are you going to start positioning in Tesla other than right now?”

Despite the recent setbacks, the stock is still up by 47.38% in the past 12 months. Cramer has remained upbeat about the ‘Musk Premium’ to Tesla’s stock in his previous comments. Here are his most recent remarks which were made on the 5th of March:

“The guy came to the Congress in a suit. I mean what was amazing was that people seemed to just go, Republicans, go crazy for him. They love him.”

“[On Goldman looking at consumer perception, German EV market and intent to buy TSLA products] I know. Plus Germany’s going into this absolute whatever it takes scenario where they’re spewing money. They’re finally using the bazooka. And it’s not seemed to be headed in Tesla’s way.”

“Did you see that how many cars they sold in Germany last month? One thousand four hundred and twenty nine. And Lamborghini may have sold more. And those are handmade, leather stitched. By six ladies. In their sixties.”