Cramer On Autonomous Cars, Tesla And An Apple EV In 2020

JUN 3 2016 BY JAY COLE 24

CNBC’s Jim Cramer has an opinion on just about everything, but it seems this days he has stopped trying to forecast the ups and downs of Tesla the stock (TSLA – real time quote here), as he now refers to it as a “cult” offering.

Cramer on Tesla (via CNC/Mad Money)

Cramer on Tesla (via CNC/Mad Money)

Cramer does note that Tesla has brought back the desire for young people to own a car (his daughter wants a Model 3, and Cramer himself owns a Model S), and that the company is leading the rush into tech gadgetry and autonomous driving.

The Mad Money front man also weighs in a little on Elon Musk’s prediction that Apple will have an EV offering in 2020 (and its effect on Apple as a business).

Naturally, what stocks you might want to own to get in on the coming ‘next generation’ of the automobile is discussed by the host…although for our money, we’d rather just watch Mr. Cramer for the entertainment value more than anything else.

Hat tip to ffbj!

 

Categories: Apple, Tesla

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24 Comments on "Cramer On Autonomous Cars, Tesla And An Apple EV In 2020"

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It is a cult stock and I am one of the cult. Typically you have investments, and then you have support for causes whether they are charitable cause or simple ones you wish to champion which are smaller than your financial investments. No one would call giving to the Cancer or Kidney foundation a cult, yet IMO, Tesla Motors is having a larger impact on climate change awareness and potentially being a key player in our transition away from fossil fuels, than the Cancer Society is toward solving cancer. So there are a lot more smaller players investing smaller amounts of money in Tesla who are not looking for short term fiscal returns. Yeah, crazy right? Come join the cult!

Vive la revolution !

+1000 and another $1000 for deposit 🙂

Yes, Tesla should reorganize the company into religious entity just like some scientology cult. Look at them, founder long dead but they are still swimming in cash delivered to them in piles by followers for nothing.

As Tesla is trying to act as for-profit company, it looks pathetic to rational investors: failures to make profit as promised, financing by serial share dilutions instead of luxury car models as planned initially. As a cult it would be just fine, the Supreme Leader would promise that all the offerings to the Cult will buy you great merits and maybe a trip to some ideal Mars society for especially devoted. Just don’t forget to send half of your income for greater cause. No more pesky accounting headaches, who cares how much money a cult burns.

http://imgur.com/a/yhvDH

He was already king of Mars in 1952!

😉

zzzzzzzzzz continued his FUD campaign:

“Yes, Tesla should reorganize the company into religious entity just like some scientology cult.”

Hmmm, seems to me the “cult” here is the short-sellers who post fact-free anti-Tesla FUD on Seeking Alpha every single day, and now are moonlighting on InsideEVs, posting the same B.S. here… apparently under the delusion that this is an investor site.

People like you, zzzzzzzzzz. Thankfully your cult is pretty small, and here’s hoping it completely dies away very soon.

“…failures to make profit as promised…”

Amazing how Tesla is spending all those profits you FUDsters keep claiming it’s not making. Maybe they print money in the basement of their auto assembly plant?
😉

You seem to be suffering from some basic misapprehensions about how the stock market works. Buying Tesla stock is NOT a way to “donate” cash to the “cause”, regardless how overpriced the stock may be. When you buy stock, all the money you pay less a small fee to the broker goes to the party selling that stock. It’s therefore only in the special case when you buy the stock directly from Tesla that you help fund any of Teslas activity. The rest of the time you help fund the speculators activity – the cult, as you so accurately described it. If you want to support Tesla, buy stuff from them. The cars if possible, and all the other branded merchandise crap if not. Or just donate directly – I’m pretty sure a quick phone call is all it takes to get an account number you may deposit to. If you don’t want to support Tesla but just want to ride the hype wave, please feel free to do so. Just don’t pretend that buying and selling stock has ever been anything but a zero-sum game where people send money back and forth between themselves – not a way to… Read more »

Guess I’m living my father’s nightmare by finally being in a cult.
Where do I pick up my beads? ?

“…although for our money, we’d rather just watch Mr. Cramer for the entertainment value more than anything else.”

Seems wise not to pay any attention to Cramer’s advice on stocks, given that he admitted to pushing stock picks to favor his own money market fund, when Jon Stewart interviewed Cramer on “The Daily Show” and reduced him to a quivering, apologetic mess.

Amazing that Cramer’s TV career survived that. In an earlier era when TV news still practiced responsible journalism, it wouldn’t have. But then, if there was still responsible journalism on TV, Cramer would never have been given his own show.

Entertainment or not, he should be broadcasting from prison.

Broadcaster like shows that get decent ratings. Whether they say true things,useful things, educational things . . . that is all completely irrelevant.

That’s how the “The Learning Channel” went from educational documentaries down to Sarah Palin Reality TV show and Ancient Aliens.

You are aware of the nature of the daily show, right? In general host and guests alike say stuff trying to be funny, to the detriment of everything else (intelligence, truthfulness, relevancy, you-name-it, really).

In other words, saying he “admitted” something on the daily show is plainly silly.

Anyway, if you know multiplication you should be able to work out that Teslas valuation is insane. It really is a cult stock!

Only the court jester can get away with criticizing the King.

Terawatt said:

“You are aware of the nature of the daily show, right? In general host and guests alike say stuff trying to be funny, to the detriment of everything else (intelligence, truthfulness, relevancy, you-name-it, really).

“In other words, saying he ‘admitted’ something on the daily show is plainly silly.”

Quite obviously you’ve never watched the Cramer interview. Contrariwise, I watched “The Daily Show” regularly when Jon Stewart was host. I got more actual hard news from that show, between the jokes, than I do from any “serious” TV news show these days. And I do mean “show”, not program.

The days of Walter Cronkite and the Huntley-Brinkley Report are, sadly, long gone.

+10

“No! No! No! Bear Stearns is fine. Do not take your money out. Bear sterns is not in trouble. If anything, they’re more likely to be taken over. Don’t move your money from Bear. That’s just being silly. Don’t be silly.” -Jim Cramer, 5 days before Bear Stearns was acquired by JP Morgan Chase for pennies on the dollar to avoid bankruptcy

Yep I remember that whopper, but many people suffer from amnesia and will vote for a Republican in 2016.

TSLA stats:

% of Shares Held by All Insider and 5% Owners: 22%

% of Shares Held by Institutional & Mutual Fund Owners: 62%

% of Float Held by Institutional & Mutual Fund Owners: 80%

Number of Institutions Holding Shares: 572

So looking at those stats I doubt that TSLA stock price is being controlled by “Tesla Cult” stock owners.

Would be interesting for InsideEVs a year from now to do a follow-up article comparing TSLA against NXPI.

…I’d put my money on TSLA outperforming NXPI.

Yes, Elon has duped the likes of Fidelity Investments,PRICE T ROWE Associates, Baron Funds, The Bank of Montreal,Morgan Stanley, and Vanguard Group.

The whole premise of his show is NONSENSE. There is no person that is capable of giving out good advice on ALL of the thousands of different stocks on the market. But he acts as if can accurately understand every sector on the entire market.

Let me just put this out there….

Just saying…

The fact that Jim Kramer actually drives a Tesla Model S, makes me not want to drive a Tesla Model S.

@kubel, Lol…great video clip find. So moral of story is do opposite of what Cramer says when it comes to TSLA. I’m loading up on some more TSLA after seeing that clip.

Don’t even listen to the guy. He’s a scam artist, pump & dumper to line his personal pockets. Should be behind bars IMO.