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Cramer's Stop Trading!: GM, Tesla IPO

On his Monday Stop Trading! segment on CNBC, Jim Cramer takes one look at the Tesla IPO and declares that he thinks it's going to be a bad company.

NEW YORK (TheStreet) -- On Jim Cramer's Stop Trading! segment Monday on CNBC, Cramer took one look at the Tesla IPO and declared that he thinks it's going to be a bad company.

"It's sold like 1,000 cars," Cramer said, while noting that this IPO is "one of those things that people are excited about."

On the other hand,


IPO plans are viewed favorably by Cramer.

"The GM deal ...


a good deal," Cramer said. "GM's a real business ... Tesla isn't." Cramer thinks that GM has a very good Chinese business.

Cramer said all this while noting that Main Street might be angry with the banks, but it's really GM,






who've been draining taxpayers of their money.

On Monday, Cramer reasserted his view that

American Tower

(AMT) - Get Report

is a good spectrum play, as telecom companies such as


TheStreet Recommends

(T) - Get Report

seek more of the spectrum.


(CIEN) - Get Report

was another spectrum play Cramer encouraged investors to look at.

"Ciena's been languishing, but I think it's got great earnings power," Cramer said.

In the meantime, Cramer also noted that

Williams Sonoma

(WSM) - Get Report

has had a great quarter, after a

Wells Fargo

ratings increase.

Cramer's Stop Trading: PNC, BP, Wal-Mart

Click here for Cramer's Friday Stop Trading! segment

-- Reported by Andrea Tse in New York


>>06/25 Cramer's Stop Trading: PNC, BP, Wal-Mart

>>06/24 Cramer's Stop Trading!: Deutsche Bank, BP

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