NEW YORK (TheStreet) -- TheStreet's Jim Cramer believes that Tesla's (TSLA) choice to fight New Jersey's decision to ban sales of the company's electric cars would likely not change the court's ruling. As he puts it, "I don't think Tesla's coming back."
Cramer also believes the recent slight increase in jobless claims is not a good sign for Friday's March jobs report, but he expects a "middling" report and does not expect any significant impact from the jobless claims.
He also says the Google (GOOG) stock split should have no impact because the company's performance is solid. Cramer notes that family-run businesses such as Viacom (VIA) and News Corp. (NWS) are common in the media, and Google is still a media company.
- TSLA's very impressive revenue growth greatly exceeded the industry average of 5.1%. Since the same quarter one year prior, revenues leaped by 100.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The debt-to-equity ratio is somewhat low, currently at 0.91, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.33, which illustrates the ability to avoid short-term cash problems.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Automobiles industry and the overall market, TESLA MOTORS INC's return on equity significantly trails that of both the industry average and the S&P 500.
- The gross profit margin for TESLA MOTORS INC is currently lower than what is desirable, coming in at 31.56%. Despite the low profit margin, it has increased significantly from the same period last year. Despite the mixed results of the gross profit margin, TSLA's net profit margin of -2.64% significantly underperformed when compared to the industry average.
- You can view the full analysis from the report here: TSLA Ratings Report
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts