This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Cramer Won't Wait For Tesla

Jim Cramer:

Well it's also allowed him to take an, there's kind of an aggressive accounting stance you can take if you think the car's going to be worth certain amount later. I mean there's everything in the conference call but I urge people that are trading the stock to recognize that you're really trading a short squeeze and we don't know. Short squeezes are wild animals. So I mean at one point today people were using the Goldman report to get out of the stock. This is a stock that is not really a stock. Okay this is a poll. A referendum on a man and a car. I like companies like Ford (F - Get Report), that are real and General Motors (GM - Get Report) that are real. But I respect a short squeeze for what it can do and I also respect the man for what he's done.

Debra Borchardt:

I totally respect Elon Musk for, you know, one that he's done what a lot of people did not think could be done and there are a lot of failures in this area.

Jim Cramer:


Debra Borchardt:

Many of the roads to electric cars and the independent car world are littered with failures.

Jim Cramer:


Debra Borchardt:

So he has done something really special here.

Jim Cramer:

Yes and I've went to look at one of the Teslas and I liked it immensely but they told me that there was a nine month wait so I said no.

Debra Borchardt:

You didn't put your name on the waiting list?

Jim Cramer:

No. I think that nine months is an awful long time to wait for a car.

Debra Borchardt:

All right, but listen. Let me ask you this. If there weren't a nine month waiting list, if they said Mr. Cramer here's the keys and you can drive out now. Would you've had bought it?

Jim Cramer: Yes. Probably.

Debra Borchardt:

And there you go. So Tesla stock look at it. Be cautious about it because if you're looking at it, it really it might just be your just trading the short and not necessarily a pure play on the stock and that's Jim Cramer who could potentially be a future Tesla owner if there's no wait.

--Written by Debra Borchardt in New York.

>To contact the writer of this article, click here: Debra Borchardt.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
F $16.34 0.00%
GM $37.31 0.00%
TSLA $203.34 0.00%
AAPL $128.46 0.00%
FB $78.97 0.00%


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs