Tesla Analyst Jim Cramer’s Latest Assessment
Investors in Tesla may be surprised by analyst Jim Cramer’s recent evaluation of the company. Cramer, known for his show Mad Money on CNBC, has a history of changing his stance on Tesla stock multiple times.
While many analysts tend to stick to either bullish or bearish positions, Cramer’s opinions on Tesla have fluctuated over time. From calling Tesla a “sleeping giant” to stating there was “nothing magnificent” about the company, Cramer’s views have been diverse.
Now, Cramer is back to being bullish on Tesla stock. His latest comments were centered around two key factors: NVIDIA CEO Jensen Huang’s praise for Tesla and the recent launch of the Robotaxi fleet.
Jensen Huang’s Tesla Narrative
Cramer believes that the focus on Tesla’s quarterly and annual deliveries is overstated. He argues that Tesla is not just a car company, and quotes individuals like Jensen Huang who have spoken highly of Tesla’s innovations.
Cramer stated, “I believe what Musk says cause Musk is working with Jensen and Jensen’s telling me what’s happening on the other side is pretty amazing.”
Robotaxi Launch
Despite some negative coverage of Tesla’s Robotaxi platform rollout in Austin, Texas, Cramer remains optimistic. He points out that human drivers also make mistakes, and Tesla’s minor issues during testing should not be blown out of proportion.
Cramer remarked, “Look, I mean, drivers make mistakes all the time. Why should we hold Tesla to a standard where there can be no mistakes?”
Tesla has implemented safety measures such as safety monitors in the passenger seat and limited travel areas for the Robotaxi fleet. CEO Elon Musk has indicated plans to gradually reduce the need for safety monitors, with the possibility of more autonomy in the near future.