13 Stock Predictions That Jim Cramer Got Completely Wrong

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7. Toyota Motor Corporation (NYSE:TM)

Number of Hedge Fund Holders: 13

Cramer brought up Toyota Motor Corporation (NYSE:TM) while contrasting it with Tesla in a segment on upcoming auto earnings. He stressed the company’s leadership in hybrids over EVs. Here’s what he said back then:

“It’s become increasingly clear that the sweet spot for automakers is not EVs—no, the ‘E’ is not it. It doesn’t really matter here. It’s hybrid. Hybrid vehicles where Toyota’s long been a leader. I think they’ll put up great numbers like we used to expect from Tesla. But remember, it will be hybrid.”

Cramer’s hybrid-fueled optimism for Toyota didn’t hold up, with the stock falling 17.34%.

Toyota Motor Corporation (NYSE:TM) is a global automotive leader and long-time pioneer in hybrid vehicle technology. Talking about the company in March, Cramer said:

“Well, we don’t have to have a high pass-through because we can just go buy Toyota! They got the de minimis tax!”

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