Jim Cramer on Tesla: "It's Not Just a Car Company"

Tesla, Inc. (NASDAQ:TSLA) is one of the stocks in focus as Jim Cramer shared his weekly game plan. Cramer highlighted that the upcoming quarter report will define the “new narrative” that Tesla is not “just a car company,” as he remarked:

A bunch of the Mag Seven stocks have been underperforming, at least until today, when they roared. Still, Microsoft, Meta, and non-club company Tesla have turned into stocks that are very difficult to own except for select days… Next, repeat after me, Tesla’s a robot company. Tesla’s an autonomous driving play. It’s not just a car company. And this might be the quarter that defines that new narrative. The stock goes higher, if so, here’s what’s going to happen. The stock is just going to, from the moment you see the results, the stock’s going to go sky high. I’m not kidding. That’s going to be the one that does the best if they define it as a non-car company.

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.