Summary
- Jim Cramer claimed that everyone should have seen Tesla’s stock surge coming
- The recent rally is considered to be one for the ages and has contributed significantly to Tesla’s gains on Wall Street this year
- Cramer attributed the stock surge to the election and America’s decision to elect Donald Trump
- Tesla shares have soared by 90 percent since the election and 92.65 percent for the year
- Cramer believes that Tesla is more robust from an investor’s perspective now, especially with potential easing of regulatory hurdles under Trump’s leadership.
Article
On an episode of his show Mad Money, Jim Cramer claimed that everyone should have seen Tesla’s recent stock surge coming. He described the rally as “one for the ages” and linked it to America’s decision to elect Donald Trump as President once again. Cramer suggested that Tesla CEO Elon Musk played a significant role in Trump’s victory by campaigning with him and providing financial support.
The move by Musk to support Trump was called a “bet for the ages” by Wedbush’s Dan Ives. Cramer agreed with this assessment and highlighted how Tesla’s stock surge is a reflection of this historical moment. He also mentioned that Tesla continues to soar after a bull push in the price target, indicating a strong bullish sentiment in the market. The company’s stock has increased by 90 percent since the election and has reached all-time highs multiple times this year.
Cramer expressed his opinion that Tesla is now in a stronger position from an investor’s perspective, especially with Trump potentially easing regulatory hurdles. He pointed out that Trump’s policies on artificial intelligence and autonomous driving would benefit Tesla, as these are key focus areas for the company. Cramer suggested that Trump’s laid-back approach to regulation would be favorable for Tesla, particularly in terms of Full Self-Driving technology.
The public’s understanding of Tesla’s potential growth and the market’s response to the company’s performance have been evident in the stock surge. Despite the initial skepticism from Wall Street analysts, Tesla’s stock has continued to rise dramatically. Cramer emphasized that the public’s intuition about Tesla’s trajectory was more accurate than the analysis provided by traditional financial institutions.
The strong performance of Tesla’s stock has raised questions about the factors driving this surge and the company’s future outlook. Cramer’s analysis, along with comments from other experts, suggests that Tesla’s growth is a result of a combination of factors, including political developments and the company’s own strategic decisions. Moving forward, investors will be closely watching Tesla’s performance to see if the stock surge is sustainable in the long term.
Overall, Cramer’s insights into Tesla’s recent stock surge provide a unique perspective on the company’s growth trajectory. By connecting the rally to political developments and Tesla’s strategic decisions, Cramer highlights the complex interplay of factors driving the stock price. As Tesla continues to soar on Wall Street, investors and analysts will be monitoring the company closely to assess its future prospects and the potential for continued growth in the market.
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