We recently published 10 Stocks Jim Cramer Discussed As He Remained Optimistic About American Ingenuity. Tesla, Inc. is one of the stocks Jim Cramer recently discussed.
Cramer’s co-host David Faber managed to squeeze in Tesla, Inc. at the show’s end. Faber was surprised by the shares rising by 4% as the show ended without any discernible news. Co-host Carl Quintanilla joined and pointed out that Tesla, Inc.’s shares had gained 15% over the month. In response, Cramer reasserted his view that instead of being a car company, Tesla, Inc. is a technology company, instead. He has echoed this view multiple times this year and added that the firm’s CEO, Elon Musk, might be the only one capable of scaling robot production. This time, he again asserted that Tesla, Inc. is a technology company and quipped that perhaps the mysterious share price rise might kick off investigations about an options purchase:
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“[On shares being up 4% without any discernible news] Well, people are recognizing it for it really is. It’s autonomous driving, and it is robots. I’m looking for the next 100,000 option buy. David, that’s just a great call when you see that right?”
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This article is originally published at Insider Monkey.
