Jim Cramer on Tesla: "Total Dice Roll"

Tesla, Inc. (NASDAQ:TSLA) is one of the 25 stocks Jim Cramer recently shared insights on. During the episode, Cramer called the company a “total dice roll” based on the current relationship between the company’s CEO and the President of the United States. He said:

“Tesla, total dice roll. We have no idea what Elon Musk and the man in the White House, who may be the best name caller,… are going to do. But they sure don’t seem like they’re on great terms. So my plan is to have the president give Elon the right to have driverless cars on the interstate. I’m calling that plan shelved. But moral? There are usual ways to make a lot of money, but it’s really fun to talk about Elon.”

Tesla (NASDAQ:TSLA) designs and sells electric vehicles and energy systems. The company provides cars, solar products, and energy storage solutions along with related services, charging infrastructure, financing, and in-app upgrades. On June 9, Cramer discussed the stock and recent analyst sentiment around it, as he said:

“Now it’s a big reason why I don’t want to bet against Tesla even after a host of downgrades. You got two of them today. Look, I don’t like the spat with the President. Musk is entitled to his opinions, but it was a bad call for the shareholders, right? I don’t like that cars aren’t selling well, I see that too. I want him to focus on the car, focus on his robots, blow things away for heaven’s sake, but I don’t think he’s done.

There’s another act coming from Musk, and I want to benefit from it. The robotaxi launch[es] in Austin, that’s right, on Thursday, June 12th. Stock got two downgrades today, and you know what happened? How much did it go down? Was it down 10? Was it down 20? No, let’s just check it out for a little cinéma vérité. The stock was, oh, look at that, it was up $13 and 44 cents or 4.55% on two downgrades. Yeah, today in the wake of two downgrades, the stock is up $13 and 44 cents.”

While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.