Jim Cramer Reasserts That Tesla, Inc. (TSLA) Is An Autonomous Driving & Robotics Stock

We recently published 10 Stocks Jim Cramer Discussed As He Remained Optimistic About American Ingenuity. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer recently discussed.

Cramer’s co-host David Faber managed to squeeze in Tesla, Inc. (NASDAQ:TSLA) at the show’s end. Faber was surprised by the shares rising by 4% as the show ended without any discernible news. Co-host Carl Quintanilla joined and pointed out that Tesla, Inc. (NASDAQ:TSLA)’s shares had gained 15% over the month. In response, Cramer reasserted his view that instead of being a car company, Tesla, Inc. (NASDAQ:TSLA) is a technology company, instead. He has echoed this view multiple times this year and added that the firm’s CEO, Elon Musk, might be the only one capable of scaling robot production. This time, he again asserted that Tesla, Inc. (NASDAQ:TSLA) is a technology company and quipped that perhaps the mysterious share price rise might kick off investigations about an options purchase:

“[On shares being up 4% without any discernible news] Well, people are recognizing it for it really is. It’s autonomous driving, and it is robots. I’m looking for the next 100,000 option buy. David, that’s just a great call when you see that right?”

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.

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