Tesla, Inc. (NASDAQ:TSLA) is one of the stocks that received Jim Cramer’s latest comments. Cramer discussed the company’s competition in the car business in China, as he said:
“Tesla stock should have been down if you view this company purely as a car business. We heard some very damning numbers from China that would indicate Tesla’s being priced out of the electric vehicle market over there. But Tesla’s now about Elon Musk’s vision of self-driving cars and robots, which is why it just keeps… it’s up 7%, nearly 7% today. I mean, this thing’s incredible.”
Photo by Tesla Fans Schweiz on Unsplash
Tesla, Inc. (NASDAQ:TSLA) designs and sells electric vehicles and also develops and installs solar energy and storage systems for residential, commercial, and industrial customers. A Harvard Business School student asked about the stock during the November 5 episode and Cramer replied:
“No, it’s entirely, it’s entirely trading as if it’s on autonomous drive and on robot. And therefore, you gotta own… up another 17 today. I’ve gotta tell you that it’s a miracle. When the stock went down to 250, everyone said they hated it, and then it became, it morphed into what we’re just talking about. And I think that as long as he wins that shareholder vote and stays, the stock can go up much higher.”
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Disclosure: None. This article is originally published at Insider Monkey.