Tesla, Inc (TSLA)'s "No Longer A Car Company,' Says Jim Cramer

We recently published 15 Stocks Jim Cramer Mentioned As He Said Quantum Computing Worried Him. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer recently discussed.

In this Squawk on the Street appearance, Cramer continued to discuss Tesla, Inc. (NASDAQ:TSLA)’s business model. Most of his recent remarks have surrounded the subject, with the CNBC TV host going as far as to comment that Tesla, Inc. (NASDAQ:TSLA) was the best physical AI. In this appearance, Cramer shared that Tesla, Inc. (NASDAQ:TSLA)’s pivot to robotics and autonomy was remarkable:

“Tesla’s no longer a car company, it’s an AI company, David. It does autonomous alright. It does robots. It managed to pivot. I’ve never seen a pivot like this. When Musk got signed on for lifetime, whatever, it pivoted. And all anyone cares about is your data centers.”

Cramer also believes that Tesla, Inc. (NASDAQ:TSLA) is a stock people are afraid of going against. As an example, he discussed a Piper Sandler price target hike in his September 22nd appearance and remarked:

“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. . .”

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.

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.