Tesla, Inc. (TSLA): Some People Are “Gleeful” About Bad Car Sales, Reveals Jim Cramer

We recently published Jim Cramer Recently Discussed These 11 Stocks & Said The Robots Are Coming. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer recently discussed.

Cramer discusses Tesla, Inc. (NASDAQ:TSLA) in nearly every morning appearance. This is partly due to the firm’s CEO Elon Musk, whose recent back-and-forth with President Trump has caught media attention. After their first bout last month, Cramer wondered whether Tesla, Inc. (NASDAQ:TSLA)  could maintain stable stock performance if Trump was displeased with Musk. Cramer also agrees with Musk on the fact that the firm’s narrative will be determined by self-driving and humanoid robots instead of vehicle deliveries. In this show, he commented on Tesla, Inc. (NASDAQ:TSLA)’s share performance after Trump and Musk disagreed on the former’s legislative efforts:

“. . .this is the first time that I’ve seen this stock get crushed because the President did say that the subsidies, he’s [Musk] the most subsidized person in America, alluded to maybe a trip to South Africa. . .

“Well, he [Trump] liked his Tesla. . .

“They don’t go up in value, remember when Hertz. . .

“Well a lot of people did feel that this. . .friendship could mean that the interstate highway system would allow self driving vehicles, including Musk. And it was about self driving and it was about what a leg up he had because of his relationship with President Trump. And now you don’t see that.

“Well look there’s a definitive group of people who are almost gleeful that the car sales are so bad which allows them to talk about robots, allows them to talk about self driving. It’s almost like look, we don’t have to do with that narrative anymore, everyone knows the car sales are bad. But we know that there is a subsidy that’s going away. That’s different from bad car sales.”

Cramer continued to discuss Musk and Trump later in the day on Mad Money:

“Tesla, total dice roll. We have no idea what Elon Musk and the man in the White House, who may be the best name caller,… are going to do. But they sure don’t seem like they’re on great terms. So my plan is to have the president give Elon the right to have driverless cars on the interstate. I’m calling that plan shelved. But moral? There are usual ways to make a lot of money, but it’s really fun to talk about Elon.”

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 have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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