Jim Cramer Comments On Tesla (TSLA)’s Share Price Drop

We recently published 10 Stocks Jim Cramer Talked About & Revealed Why He’s Critical Of OpenAI. Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer talked about.

Tesla, Inc. (NASDAQ:TSLA)’s shares opened lower yesterday, and Cramer discussed the stock price movement in the context of broader weakness in the Bitcoin mining sector and other stocks. In his previous remarks, the CNBC TV host has repeatedly asserted that Tesla, Inc. (NASDAQ:TSLA) is an autonomy and robotics company instead of a car company. In this appearance, as the shares opened lower, he outlined that the stock has been traded together as a whole with the mining companies that end up hurting people:

“I know, and with some degree, with the exception of Applied Materials, these have been traded together. Bitcoin’s been traded, there are so many Bitcoin mining companies, that, not unlike the one I mentioned, the deer Bitcoin. . .I got a list of them, and they all traded together. And they’re all hurting people badly.”

Copyright: wolandmaster / 123RF Stock Photo

Previously, Cramer discussed Musk’s threats of leaving Tesla, Inc. (NASDAQ:TSLA):

“That would be devastating. We don’t really even know that many other people who work at Tesla. I’m sure they’re very good, they’ve assembled a great team. But, it, look I’m not going to say it’s a death sentence, who would want to own that stock. I just don’t wanna own. . .This would be the highest profile decline of a company because of a CEO departure that we’ll ever see.”

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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.