Tesla (TSLA) Is No Longer A Car Company, Asserts Jim Cramer

We recently published 11 Stocks Jim Cramer Discussed, Including A Potential “Worst Stock Ever”. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer recently discussed.

As he has commented in his previous appearances, Cramer continued to assert that Tesla, Inc. (NASDAQ:TSLA) is not just a car company in this show as well. Like CEO Elon Musk, the CNBC TV host also believes that the firm’s business is now more representative of autonomous driving and robotics. After Tesla, Inc. (NASDAQ:TSLA)’s earnings report earlier this month, Cramer lamented that people don’t listen to the earnings call. He shared that during the call, Musk mentioned 20 million robots, which, in Cramer’s view, trumps weak sales in regions such as Germany. This time, he commented on a recent note by Morgan Stanley’s Adam Jonas:

Hadrian / Shutterstock.com

“Well look, I always come back to the fact that it is no longer a car company. There are many pieces, Adam Jonas today, now Stephen King, Adam Jonas because the guy is pumping out stuff like at an incredible rate makes you feel very much like stop thinking about it as a car company. You just can’t. Full self driving, robotaxi, and robot. And it didn’t hurt that they had the robot in Times Square.”

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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