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Believe In Elon Musk, Says Jim Cramer About Tesla, Inc. (NASDAQ:TSLA)
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As is the case with NVIDIA, Jim Cramer continues to believe in Tesla, Inc. (NASDAQ:TSLA) even though the shares have been weak.
On the 23rd, Tesla Inc. (NASDAQ:TSLA)’s shares closed 14.5% lower.
While Tesla Inc. (NASDAQ:TSLA)’s revenue beat analyst estimates, its earnings missed estimates of $0.51.
Tesla Inc. (NASDAQ:TSLA)’s bulls believe that Musk’s plans for the Optimus humanoid robot, robotaxis and the assisted driving platform FSD carry the potential to drive revenue and bolster margins.
Additionally, the bears also believe that Tesla Inc. (NASDAQ:TSLA)’s forward price-to-earnings multiple of 158x is unsupported by the firm’s margins.