Jim Cramer Shares Why Tesla (TSLA) Is Better Than Ford

We recently published Jim Cramer Discussed A Mysterious Yellow Light & These 9 Stocks. Tesla, Inc. (NASDAQ:TSLA) is one the stocks discussed by Jim Cramer.

Electric vehicle manufacturer Tesla, Inc. (NASDAQ:TSLA)’s shares are up by 20.7% over the past year and are down by 3.6% year-to-date. Roth Capital discussed the firm’s shares in late April. It kept a $505 share price target and a Buy rating after Tesla, Inc. (NASDAQ:TSLA) reported its first quarter earnings report. Among the factors that the firm discussed included the company’s capital expenditure guidance for growth initiatives. However, RBC Capital reduced Tesla, Inc. (NASDAQ:TSLA)’s share price target following the earnings. It cut the target to $475 from $480 and kept an Outperform rating on the stock. The bank commented that the company’s gross margins were healthy and added that it expected FSD subscriptions to grow. In his previous remarks about Tesla, Inc. (NASDAQ:TSLA), Cramer has asserted that CEO Elon Musk’s approach of defining the firm as a technology company is the correct one. In this appearance, he praised the firm for its battery expertise:

“If you think Ford’s great with batteries, which was the flavor de jure the other day, oh my god just go buy Tesla. Because they are batteries.”

While we acknowledge the risk and potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1