Jim Cramer Says "Tesla's Worth Owning For Its Autonomous Driving and Robots"

Tesla, Inc. (NASDAQ:TSLA) is one of the Magnificent Seven stocks Jim Cramer commented on. While Cramer does not like the company’s car business, he believes that its tech business is “fantastic.” He commented:

“Tesla, as a car company, it’s a mess. As a tech company, it’s fantastic, especially now that the CEO is being compensated correctly with that $30 billion worth of shares, mazel tov. I’m convinced that Tesla’s worth owning for its autonomous driving and robots. But I accept that the rest of the company’s balanced right now.”

Tesla (NASDAQ:TSLA) develops and sells electric vehicles, solar energy systems, and battery storage products, along with services like charging, insurance, financing, and repairs. The company also provides energy solutions through sales, leasing, and installation for residential and commercial use. Cramer mentioned the company during the July 7 episode and said:

“When the only stock that’s down enough to create a real price break is Tesla, largely because Elon Musk’s trying to get back into politics instead of humanoids, it’s tough to pull the trigger.”

While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term 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.