Jim Cramer’s 5 Stock Calls and the Impact of Bond Market

4. Tesla, Inc. (NASDAQ:TSLA)

Tesla, Inc. (NASDAQ:TSLA) is among Jim Cramer’s stock calls as he discussed the impact of the bond market. Cramer highlighted the company’s woes, as he remarked:

Are shareholders finally reacting to Tesla’s deteriorating fundamentals, or is something else going on? You know what? I think it’s both. First, let’s talk about the fundamentals. The consensus estimate for Tesla for 2026 and 2027 indicate that the analysts and investors do in fact, expect sales and earnings to start growing again both this year and next year… Really, I think the issue here is that Tesla needs to show some more progress for what Musk considers the future of the company, which is Robotaxis. There’s only so long that the stock can trade on hopes about the future before we fall back to car sales… We also need to see some sign that humanoid robots are really on track to hit the market by the end of next year, as Musk just predicted…

Without more progress on Robotaxis and robots, all we’re left with is this deteriorating auto business, and it’s really starting getting people to think, is this a dangerous stock? It’s starting to hit harder because Elon Musk’s SpaceX intends to come public in the not too distant future, maybe this year. I suspect that Musk fans might be inclined to swap out of Tesla and swap into SpaceX once they have the opportunity…. So here’s the bottom line in a pretty chilling piece here: Tesla’s underwhelming production and deliveries results last week will serve as a good reminder that the core auto business is not doing all that well. In fact, it hasn’t been doing well for a couple of years now. So far, that hasn’t really mattered to the stock as investors have been able to look past the current weakness and focus on Elon Musk’s vision for the future. But that only works because Tesla’s got scarcity value as the only publicly traded way to bet on Musk’s brilliance. With the SpaceX IPO on the way, Tesla’s about to lose that scarcity value, and when that happens, I expect the stock to keep drifting lower until they either make more progress in Robotaxis or the core business finally turns around.

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.