Jim Cramer Calls Tesla an "Enigma"

Tesla, Inc. (NASDAQ:TSLA) is one of the Magnificent Seven stocks Jim Cramer recently reviewed. Cramer called the company’s CEO a “great business person,” as he commented:

“In fifth place was Tesla, which was all over the map last year, but ultimately used a late-year rally to finish 2025 up over 11%. Tesla remains an enigma. The core electric car business, I’m calling it awful, down for the second straight year. Earnings are down about 60% from their peak in 2022. But you know what? It doesn’t matter. Pointing that almost feels like a waste of breath because the investors in Tesla, they do not care. CEO Elon Musk is a great business person, an even better sense of showmanship. So we got everyone focused on the future opportunities in robotaxis and humanoid robots. Those cars are on the road in Austin, Texas. And by the way, those are the cars we care more about than the sedans you might buy. In the end, Musk needs to make progress on both these fronts to keep shareholders’ base happy, although it sure wouldn’t hurt if he could stabilize Tesla’s auto business. But it won’t matter to some of these bulls who know that Musk’s robot initiative may be the best thing going in that space.”

Tesla, Inc. (NASDAQ:TSLA) designs and sells electric vehicles and also develops and installs solar energy and storage systems for residential, commercial, and industrial customers. In addition, the company is working on autonomous vehicles and robots.

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