There's No One Who Wants To Go Against Tesla, Inc. (TSLA), Says Jim Cramer

We recently published 14 Stocks Jim Cramer Discussed Including His 2 Top Quantum Computing Stocks. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer recently discussed.

Like Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk, Jim Cramer also believes that the firm is more of a technology company than a car company. In this episode, he discussed the firm after Piper Sandler increased the share price target to $500 from $400 after a trip to China. Cramer made interesting comments about the Tesla, Inc. (NASDAQ:TSLA) note:

“[On Piper Sandler’s note] No, that was the first time I’ve seen anything that might be good. I do think that this is a, I don’t want to call it a cold stock, but the idea is this that everybody follows the stock. They see the stock rolling, so then they recommend the stock. There’s no one who wants to go contrary to this stock and say, look this whole move into, you can’t buy for self driving, it’s too far, and you know you don’t want to buy it for robots. No one wants to do that. People just want to get on board, they feel like it had its time of purgatory and it’s ready to roll. And no one wants to get away from it, they all want on it. It’s amazing.”

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.