We just covered Jim Cramer Discussed The Iran Ceasefire & Commented On These 19 Stocks. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks discussed by Jim Cramer.
The day this program was aired, Tesla, Inc. (NASDAQ:TSLA) had released its vehicle delivery data for the first quarter. During the three month period, the firm produced and delivered 408,386 and 358,023 vehicles, respectively. However, analysts had penciled in for Tesla, Inc. (NASDAQ:TSLA) to post 370,000 deliveries, and the delivery figures marked a 6% annual growth. The stock closed 5.4% lower on April 2nd, and year-to-date it is down by 22%. Throughout 2025, Cramer asserted that Tesla, Inc. (NASDAQ:TSLA) is more of a technology company and not a car company. The CNBC TV host held his view even as his co-hosts repeatedly pointed out that the firm’s shares nevertheless react to delivery figures and the revenue generated by car sales. GLJ Research had discussed Tesla, Inc. (NASDAQ:TSLA)’s shares on March 30th. The firm reiterated a Sell rating and a $24.86 share price target. The first quarter deliveries were at the heart of the coverage as GLJ pointed out that it estimated Tesla, Inc. (NASDAQ:TSLA) to deliver 368,478 cars during the period. In this appearance, Cramer discussed how the shares had reacted as CEO Elon Musk redefined his firm’s narrative:
“Obviously, not great for the company, but as we just said, the actual disconnect between when we stopped thinking about it as a car company and we started thinking about it as a actual technology company, caused one of the great moves that I’ve seen. I don’t want to get too negative on it. Because I think everyone wished they had that move. We didn’t realize very quickly that they were repositioning. Remember our friend Dan Ives was talking about how things were teetering and it better start being a technology company. And no one was saying things would be teetering and then it’s going to be in trouble. Which I thought was really interesting because only Musk would be able to make it so, David you would be able to say this, that the narrative changed, when things got bad, the stock flew on the new narrative!”
Photo by Tesla Fans Schweiz on Unsplash
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