We recently published a list of Jim Cramer Discusses These 13 Stocks & Criticizes Billionaires. In this article, we are going to take a look at where Tesla, Inc. (NASDAQ:TSLA) stands against other stocks that Jim Cramer discusses.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer continued to warn users to not trust billionaires. His remarks built on an earlier show, where he had shared that “you can’t make money listening to a billionaire because they already have made money.”
This time around, Cramer outlined that billionaires often share the sentiment that it’s hard for others to become as rich as they are. “They close the door,” he commented and added: “Well they’re always negative.” Cramer also believes that luck might play a large role in making someone a billionaire. According to him: “We never, we never grade them because if they’re billionaires we think that they have to be genius. We never think about luck. We just think, well they might have had really great trade.”
In response, co-host David Faber pointed out that the one key trait that he has observed in most billionaires is their relentless drive. Cramer responded by sharing that billionaires are “tiresome.” He also felt that President Biden’s goodbye speech about oligarchs was “completely ignored.”
During the show, Cramer also commented on how using ChatGPT was proving troublesome. He outlined:
“I use ChatGPT like, probably maybe fifty times a day. I do it text and I’m continually let down by the lack of rigor of what I get. I mean I’ll say tell me everything I need to know about [a pharma company – BMY]. And it won’t even have the patent cliff. Doesn’t mention the patent. . . I mean it just doesn’t get the story at all.”
“Well no, you have to know, the key thing about I think about all these sites is you have to know how to put the question. Give me the pluses and minuses of [BMY], was the actual inquiry. And I just find that, it’s just not rigorous. I mean you can’t rely on it. You have to go to all the different sites. You know I go to. Claude-3 a lot. I’d rather go to Claude Rains than Claude-3.”
Our Methodology
To make our list of the stocks that Jim Cramer talked about, we listed down all the stocks he mentioned during CNBC’s Squawk on the Street aired on February 26th.
For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Tesla, Inc. (NASDAQ:TSLA)
Number of Hedge Fund Holders In Q4 2024: 126
While most of Cramer’s attention during his morning show is focused on Elon Musk, more recently, he has also started sharing his thoughts about Musk’s car company Tesla, Inc. (NASDAQ:TSLA). The firm has bled nearly all of its gains since President Trump’s November election win as investors become increasingly worried about a global EV sales slowdown due to Musk’s political activities and statements. The CNBC TV show host commented in great detail about the current narrative for Tesla, Inc. (NASDAQ:TSLA):
“[On Wells Fargo calling mega cap stock reversal the ‘mocapocalypse’]”I think that’s a great call actually. There’s a terrific piece out, about Tesla. Today, and about, and again, this is about the idea that it’s all peaked. Tesla related, point blank, to, Bitcoin. Was that terrific? And it talks about the OG and stonk.”
“The piece was so brilliant, because it has to do with the zeitgeist. Ever since the election . . .that everything’s down since the election other than the Dow. But there is a, there was a trade that went on. I had Vlad Tenev from Robinhood, and they were all together. And that is reversing. I think it’s, well the stock coming down, but today is a rear guard day. They’re gonna make a comeback today, uh, and a large part of that is because we had some good earnings for some things. But I just think it’s amazing to be stuck here thinking you mean to tell me that the algo’s told you that if, if Tesla went down and Bitcoin went down you should sell Applovin? And you should sell, uh, I don’t know, we can say any of the ones that you want to talk about. But Palantir’s front and center. I just didn’t want you to make fun of me.”
“Well, but I think, underneath there is a belief that, I wish they had been more stated about it, liberals aren’t buying their cars. Liberals are not buying it David.”
“Yeah, they have to switch the narrative very quickly you know. To humanoids, right. They, meaning us. The street. You have to just say it’s a tech company, forget about all . . .”
Overall, TSLA ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the 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 but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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