Jim Cramer on Tesla CEO: "He Makes an Incredibly Compelling Case to Buy the Stock"

Tesla, Inc. (NASDAQ:TSLA) is one of the stocks that was recently put under the microscope by Jim Cramer. Cramer discussed the company’s CEO’s AI ambitions and pay package, as he commented:

“… Then there’s Musk. He’s using AI to make the best full self-driving car. He’s using it to dominate the Robotaxi game, or at least try. There’s no doubt that he’s got the best self-driving alternative on a price basis. He thinks there’ll be relentless demand for the cyber cab. When you read the conference call, he makes an incredibly compelling case to buy the stock of Tesla, but not because of cars. We’ve heard endlessly about how the hyperscalers are desperate for more energy.

Musk has put AI to the test, and he recognized that if you could develop better and bigger, and stronger batteries, that might be the answer for our energy-starved country. Storage may be the way to go… The most exciting part of Musk’s investible empire, though, is Optimus, the robot operation. There are so many obstacles to mass-producing robots that Musk says he’s putting himself in the position of a startup to get it right…

Hate him or like him, man, this guy’s real smart. Now, other than allegedly weak car sales, the most talked about part of the Tesla call was when Musk called proxy advisors, Glass Lewis and ISS, terrible recommenders for the upcoming proxy that, he’s got his contract requests. He calls their musings corporate terrorism. I think that Musk, who says he needs to be in control so the robots don’t take over, clearly wishes he had two classes of stock so he could be like Mark Zuckerberg, who can do whatever he wants with Meta. I say, even though he didn’t start the company and therefore doesn’t have the two classes, give the man the pay package he wants. Unlike so many other CEOs, he’s actually worth it.”

Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles and energy systems. The company also provides charging infrastructure, insurance, and after-sales services.

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