NEW YORK (TheStreet) -- It's a busy Wednesday of trading and TheStreet's Jim Cramer has been watching the headlines.
Despite beating on the top and bottom lines, shares of Tesla Motors (TSLA) are getting crushed on the company's inability to meet demand due to supply issues, Cramer said -- specifically the low supply of lithium ion batteries, which has caused investors to worry whether Tesla can deliver.
A stock trading with Tesla's valuation cannot afford to have any production issues; until the issues are fixed, the stock will likely fail to rebound, he added.
Cramer said talk that current Ford (F) CEO Alan Mulally could become the next CEO of Microsoft (MSFT) could be a factor in what's weighing down the automaker's share price. F is a holding in Cramer's charitable trust, Action Alerts PLUS
Cramer said it's disappointing Microsoft could not successfully monetize the Xbox platform because it is such a valuable property. If Microsoft spins that off and everything else goes to plan, he sees shares reaching $42.
Finally, he suggested investors forget about Carl Icahn or financial engineering in shares of Apple (AAPL) and focus on its new products. Apple, another AAP holding, recently launched its new iPad Air and iPad Mini, along with the iPhone 5C and 5S.
Cramer concluded Apple stock is on its way back to $600, and investors should ignore the noise and start buying.
-- Written by Bret Kenwell in Petoskey, Mich.Follow @BretKenwell