Tesla (TSLA) Is No Longer A Car Company, Asserts Jim Cramer

We recently published 11 Stocks Jim Cramer Discussed, Including A Potential “Worst Stock Ever”. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer recently discussed.

As he has commented in his previous appearances, Cramer continued to assert that Tesla, Inc. (NASDAQ:TSLA) is not just a car company in this show as well. Like CEO Elon Musk, the CNBC TV host also believes that the firm’s business is now more representative of autonomous driving and robotics. After Tesla, Inc. (NASDAQ:TSLA)’s earnings report earlier this month, Cramer lamented that people don’t listen to the earnings call. He shared that during the call, Musk mentioned 20 million robots, which, in Cramer’s view, trumps weak sales in regions such as Germany. This time, he commented on a recent note by Morgan Stanley’s Adam Jonas:

“Well look, I always come back to the fact that it is no longer a car company. There are many pieces, Adam Jonas today, now Stephen King, Adam Jonas because the guy is pumping out stuff like at an incredible rate makes you feel very much like stop thinking about it as a car company. You just can’t. Full self driving, robotaxi, and robot. And it didn’t hurt that they had the robot in Times Square.”

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.