Jim Cramer on Tesla CEO: "He Will Dazzle the Faithful"

Tesla, Inc. (NASDAQ:TSLA) is one of the stocks in Jim Cramer’s recent game plan. Cramer noted that he cares more about the company’s self-driving operations and robots than car sales, as he remarked:

“Wednesday night, Tesla reports and there’s so much that Elon Musk has to say about self-driving and robots that I barely care about car sales. Let’s hope Wall Street feels the same. Musk knows the drill. He will dazzle the faithful and explain why the biggest run of any major stock is justified on top of what’s already happened.”

Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles and energy generation and storage systems. It provides vehicles, charging networks, and solar and battery products. Cramer discussed the company CEO’s purchase of the company’s stock during the September 15 episode, as he said:

“When we came up with the term FANG, which stood for, at that point, Meta, Amazon, Netflix, and then Alphabet a dozen years ago, all I heard was that the, that I was late and the best days were behind them, a dozen years ago… Something good always seems to be in the works when it comes to Mag Seven. Last Friday, Elon Musk, what’d he do? He bought a billion dollars’ worth of Tesla. I mean, come on. That’s incredible. Right in the open market. I have never seen a commitment like that, but this is the kind of insider buying you can see when your CEO is the richest man in the world.”

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