Jim Cramer Says "Tesla's Morphing Right Now"

Tesla, Inc. (NASDAQ:TSLA) is one of the stocks on Jim Cramer’s radar. When a caller asked about the company during the lightning round, Cramer commented:

“Oh, hey, look, you’re fine in Tesla. Tesla’s morphing right now. It’s in transition from being a car company to being a technology company, and you want to be in there because the tech is worth a lot more than what it’s selling for right now. Don’t worry, I don’t care where you bought it. I care where it’s going to.”

Tesla (NASDAQ:TSLA) develops and sells electric vehicles, energy storage systems, and solar products. The company also provides services such as charging, insurance, repairs, and financing. During a July episode, Cramer called the company stock a “total dice roll.” He said:

“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, 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.