Remember, Tesla (TSLA)’s Not “Really Trading” On Being A Car…
Insider Monkey – Free Hedge Fund and Insider Trading Data (Ramish Cheema)We recently published 8 Stocks Jim Cramer Talked About. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer recently discussed.
The central debate surrounding electric vehicle manufacturer Tesla, Inc. (NASDAQ:TSLA) is whether it’s a car company or whether CEO Elon Musk’s insistence that his firm is a technology company focused on humanoid robots and machine learning. Cramer’s a member of the latter camp and has insisted that investors need to focus on Tesla, Inc. (NASDAQ:TSLA)’s technology aspects instead of its car sales. However, the sales appear to be affecting the shares as they dipped after media reports suggested that the firm was struggling in Europe. According to Reuters and Bloomberg, not only did Tesla, Inc. (NASDAQ:TSLA)’s European sales drop 28.5% in Europe, but Sweden was particularly painful as it experienced a shocking 89% dip. Cramer discussed the effect on the stock price and his opinion about Tesla, Inc. (NASDAQ:TSLA)’s business model:
“I’m surprised the stock is only down 18 given the fact that the numbers aren’t that good. But remember it’s also not really trading on being a car company. Although you have Uber out there talking. . .”
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While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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While we acknowledge the risk and potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSLA and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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