Jim Cramer on Tesla: “It Has a Chance to Blast off, But It Hasn’t”

Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer shared his opinion on. Cramer mentioned the stock during the episode and said:

Tesla, now, it’s not a car company, although it’s not the xAI merger that we’re getting with SpaceX, whatever. But it’s a Cybercab and robot company. Now, it has a chance to blast off, but it hasn’t. You know what’s more magnificent than Tesla? How about General Motors?

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. In addition, the company is working on autonomous vehicles and robots. During the episode aired on January 29, Cramer was bullish on the stock, as he remarked:

I know it’s hard to believe how quickly this market can change its attitude. Last night, I heard a disastrous car company speak. Turns out it’s actually a robotics and Cybercab company, and I want to buy, buy, buy. Yes, Tesla’s the paper that turned into scissors in one session. I didn’t like it as a car company. Boy, I love it as a Cybercab and humanoid robot juggernaut. Call me a buyer and give me five robots while I’m at it.

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Disclosure: None. This article is originally published at Insider Monkey.