We recently published 9 Stocks on Jim Cramer’s Radar. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer recently discussed.
Tesla, Inc. (NASDAQ:TSLA) created quite a splash this week after CEO Elon Musk bought a billion-dollar worth of shares. While analysts are typically concerned about the firm’s vehicle deliveries, Cramer agrees with Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk on the firm being a technology company instead. Musk has repeatedly asserted that his firm aims to transition into a robot manufacturer in the future through the Optimus lineup. Here is what Cramer said about Tesla, Inc. (NASDAQ:TSLA) in this appearance:
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“Also the European numbers are better, that could have leaked. I think you’re going to see better numbers now that he’s. . .I think a lot of liberals buy Teslas and they’re a little turned off. Look we live in a polarized. . .”
“[On Musk’s complaints about high rates] That could be too, you’ll see those rates come down. A lot of auto rates based on the short rates.
“David, there’s also, when I look at what’s going on, when you get something like Mexico, putting a tariff, China. . .but I think that we’re going to be in an era where Europe’s really going to curtail China.”
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.