Jim Cramer Talked About These 10 Stocks Recently

2. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

Cramer pointed out that Tesla, Inc. (NASDAQ:TSLA) stock would have gone up if “we had a more benign backdrop of bonds”.

“Or take the stock of Tesla, which you know I like here. Today, my colleague David Faber interviewed Elon Musk…. Musk reminded us that his machines will soon be on the road driving autonomously, 1 million of them, and the numbers have gotten better for the traditional business. Now, the latter, it can be verified. The former sounds a little bit like the hubris talking. Still, that kind of thing can allow Tesla to buck the bond market.

Now, unfortunately, at the very moment, the bonds are so in charge that Tesla stock could only go up while David was asking Musk positive questions about the business. The stock would go down when David talked about Musk’s government work and the impact it might have on car sales. Still, it managed to finish the session up a buck and change. I guess that’s a victory. But yeah, I think it would’ve been up quite a bit if we had a more benign backdrop of bonds.”

Tesla (NASDAQ:TSLA) designs, builds, and sells electric cars and energy products. The company provides vehicle sales, financing plans, solar systems, energy storage, and other related services to a wide range of customers.