Tesla, Inc. (TSLA) Isn’t Being Targeted By Trump’s Copper Tariffs, Says Jim Cramer

We recently published Jim Cramer’s Fresh 14 Stocks & Thoughts About Market Performance. ABC is one of the stocks Jim Cramer recently discussed.

Tesla, Inc. (NASDAQ:TSLA) is the world’s largest electric vehicle manufacturer. Cramer has discussed the firm regularly in his morning shows this year. The CNBC TV host believes that Tesla, Inc. (NASDAQ:TSLA) narrative should be driven by humanoid robots and self-driving instead of EV deliveries. The shares have lost 18.3% year-to-date as investors have fluctuated from being optimistic about self-driving and robotaxi plans to worrying about Musk’s tensions with President Trump and falling vehicle deliveries. Cramer discussed Tesla, Inc. (NASDAQ:TSLA) in the context of President Trump announcing a 50% tariff on copper:

“Okay so Tesla has a 180 pounds of copper. These electric vehicles are filled with copper. And a typical ICE vehicle has far fewer. Now candidly, Musk is trying to get this down to 40 pounds. But if you didn’t know better you would say boy this is really aimed at, at Tesla. . . If I were Elon, which I’m most certainly not. . .I would say holy, he’s coming after me, I’m a copper user. But everybody uses copper. . . most of the world’s copper is used by China.”

Tesla, Inc. (TSLA) Isn't Being Targeted By Trump's Copper Tariffs, Says Jim Cramer

Previously, Cramer had discussed Tesla, Inc. (NASDAQ:TSLA) after a William Blair downgrade:

“[On William Blair downgrade citing EV and regulatory credit loss as driving the decison] I read and plus the story about China and how they’re lagging. And I come back and say okay, when you make those two points, tomorrow there’ll be someone who says, look it’s not a caa company. It’s humanoid and it’s self driving. And that ability to be able to select why you like the stock of Tesla is something that is beginning to annoy me. I happen to like Tesla but I’m just saying I like it for humanoid, I like it for self driving. Forget about the car because those are better markets. But these guys are like, the deliveries are bad, I’m gonna downgrade. You know come on, just be consistent. Be consistent. This thing is a juggernaut when it comes to humanoid and when it comes to self driving and that’s what I care about.”

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.

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Disclosure: None. This article is originally published at Insider Monkey.