Better Than Feared? Jim Cramer on His Newest Acronym, Facebook and Tesla

Jim Cramer breaks down what investors need to know about his newest acronym and his thoughts on Facebook and Tesla post-earnings.
By Katherine Ross ,

The weekend is just around the corner!

Jim Cramer breaks down what investors need to know about his newest acronym and his thoughts on Facebook (FB) - Get Report and Tesla (TSLA) - Get Report post-earnings. 

Need a New Investing Acronym?

Cramer penned yet another new acronym in his Real Money column Thursday morning. 

Hint: It's BTF. 

Want to know what that stands for? Well, I guess you're going to have to watch TheStreet's Facebook Live show at 10 a.m. ET. 

Tesla Earnings

Real Money Stock of the Day Tesla reported an adjusted loss in the period of $1.12 a share, below forecasts that predicted a loss of 40 cents. Revenue in the quarter of $6.35 billion also came up shy of consensus.

"We are working to increase our deliveries sequentially and annually, with some expected fluctuations from seasonality," Elon Musk, CEO, said. "This is consistent with our previous guidance of 360,000 to 400,000 vehicle deliveries this year."

And, of course, there was a bit of a surprise on the call. 

Musk said that J.B. Straubel, one of the founders of Tesla and Chief Technology Officer, would be moving to a senior advisor role. 

Is Straubel's move similar to the advisor role that Apple's (AAPL) - Get Report Chief Design Officer Jony Ive is going to be taking later this year?

Facebook Earnings

But Tesla wasn't the only big company to report earnings after the bell Wednesday.

Facebook earned $1.99 a share in the second quarter, up from $1.74 a year earlier. Revenue jumped 28% in the quarter to $16.9 billion.

"We had a strong quarter and our business and community continue to grow," said Mark Zuckerberg, Facebook founder and CEO. "We are investing in building stronger privacy protections for everyone and on delivering new experiences for the people who use our services."

But if Facebook is investing in privacy, is that going to cost investors?

Related. Jim Cramer: Running Down the BTF vs. WTF Scoreboard

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