Jim Cramer on Tesla: "It's a Miracle"

Tesla, Inc. (NASDAQ:TSLA) is one of the stocks highlighted as Jim Cramer responded to questions from Harvard Business School students. During the lightning round, when a student asked about the company, Cramer said:

“No, it’s entirely, it’s entirely trading as if it’s on autonomous drive and on robot. And therefore, you gotta own… up another 17 today. I’ve gotta tell you that it’s a miracle. When the stock went down to 250, everyone said they hated it, and then it became, it morphed into what we’re just talking about. And I think that as long as he wins that shareholder vote and stays, the stock can go up much higher.”

Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles and energy systems. The company also provides charging infrastructure, insurance, and after-sales services. During the November 4 episode, Cramer highlighted the company’s robotics and self-driving business. He said:

“For a while now, I’ve been telling you that we have three separate markets. There’s the high-growth, high-tech market that’s mostly about the data center. There’s the real economy and then there’s the speculative market… The most intriguing part of the stock market, though, is at the intersection between the highest growth stocks and the speculative stocks… Tesla comes to mind. We know it as a car company, nothing all that speculative there, but it’s also a play on robotics and self-driving, two of the most cutting-edge technologies out there. Tesla Square in the first camp, and the third one. That’s the magic of Elon Musk.”

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