Tesla investors are in for a surprise as analyst Jim Cramer shares his latest insights on the company. Unlike other analysts who tend to stick to either a bullish or bearish stance on Tesla, Cramer’s opinion has been known to fluctuate over time. From calling Tesla a “sleeping giant” to claiming there was “nothing magnificent” about the company, Cramer has now shifted back to a bullish outlook.
Cramer’s recent comments revolve around two main points. Firstly, he highlights how NVIDIA CEO Jensen Huang views Tesla after working closely with the company. According to Cramer, the focus on quarterly and annual deliveries is overemphasized, and those who continue to fixate on this metric are missing the bigger picture. He emphasizes that Tesla is not just a car company, and quotes Huang’s positive remarks about the company as a reason to be optimistic.
Regarding Tesla’s recent launch of the Robotaxi fleet in Austin, Texas, Cramer acknowledges that there have been minor issues reported by some media outlets. However, he points out that human drivers also make mistakes, and Tesla’s test phase of the Robotaxi should not be unfairly scrutinized for minor hiccups. Cramer commends Tesla’s safety measures, including safety monitors in the passenger seat and limited travel areas, to ensure a smooth transition to autonomous driving.
As Tesla continues to improve its Robotaxi platform, CEO Elon Musk has hinted at the gradual removal of safety monitors and teleoperators in the near future. This gradual transition towards fully autonomous driving demonstrates Tesla’s commitment to innovation and safety in the rapidly evolving automotive industry.
Overall, Cramer’s positive outlook on Tesla’s future prospects, supported by insights from industry experts like Jensen Huang, suggests that the company is on the right path towards revolutionizing the transportation sector. Investors should take note of Cramer’s shifting perspective and consider the long-term potential of Tesla as a market leader in electric vehicles and autonomous driving technology.