Jim Cramer on Tesla


Last quote by Jim Cramer on Tesla

I'm not asking for there to be a suspension of rigor – which is at times the case with Tesla. I'm not asking for 100 percent rigor and no pizazz, which often can be the case with dry subjects like insurance or banking. I just think a little fun injects confidence into the proceedings, and in a world that lacks confidence, it's nice to hear it in a CEO's voice every now and then. It makes you feel more confident yourself, so if a stock gets hammered, like Netflix was today, you know that you should buy it into weakness.feedback
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All quotes by Jim Cramer on Tesla

The bottom line is this: you need to stop being hung up on the valuation of individual stocks. Right now, Tesla and a bunch of other biotech, social, mobile and cloud stocks are being bid up furiously by these growth hounds. If they're right, they'll get even more money in and they'll keep buying their favorites, no doubt including Tesla.feedback

He's not deterred by the losses because he's thinking, Hey, judging by those revenues, there's relentless demand for what Tesla makes. As long as Tesla doesn't run out of money, it can keep making cars and charging a fortune for those cars, so eventually, it will make a killing. Emphasis on 'eventually.feedback

Not only that, but given how weak Ford's sales have been this year ... and how many incentives the automakers have had to offer to sell vehicles, it's entirely possible that we're in what's known as peak auto sales. If that's the case, then 2017 could be a down year for Ford. Those are the ones who buy Tesla stock every day and many other growth stocks that to you seem overvalued.feedback

But every now and this methodology will guide you to a sustained bull run like we've had in Facebook and Apple, or you'll sidestep a sell-off like the one Tesla was getting hammered by, at least until today.feedback

The stock would have been up today if it weren't for these comments. Musk is prepping you for a secondary though, and it sounds like the street will be very ready after that last home run off an offering. In true Elon Musk style, he didn't exactly put to bed the notion of merging Tesla and SpaceX. Given Musk's legion of fans, they would probably cheer if he combined cars and rockets, too.feedback

Both Netflix and Tesla, like Amazon, require you to think outside the box of traditional fundamental analysis in order to accurately value their stocks.feedback

This stock deserves to be much higher, but the current management doesn't know how to unlock value. A lot of value was locked unfortunately by David Crane, the previous CEO who had a grand vision – not unlike [Tesla CEO Elon] Musk – had a grand vision for solar. But solar turned out to be not that great for any of these guys.feedback

All I can tell you is Mr. Musk is Mr. Rabbit Out of a Hat and yes, the stock is impossible to value. Amazon was impossible to value; Tesla is impossible. It's a conundrum; it's an enigma. … It's full of sound and fury signifying nothing. But it doesn't matter.feedback

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Quotes by Jim Cramer on Tesla

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