Shares of Tesla (TSLA) - Get Report were higher in mid-morning trading on Wednesday, despite the electric car maker announcing on Tuesday night that vehicle deliveries for 2016 totaled 76,230, which was below the company's target of 80,000.
The market isn't having a stronger reaction because the company seems to be coated with Teflon, meaning that it can withstand things like a lower-than-expected delivery number, TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" on Wednesday morning.
"It should be called Teflon Motors because I don't think this will matter," Cramer claimed.
Tesla seems to be "charmed," and it's still making a lot of cars, he noted. In particular, Tesla's sales numbers in China jumped dramatically this past year, which is "important."
The $2 billion SolarCity merger that went into effect in November was a "bad deal" for Tesla shareholders and is more important than its delivery number, Cramer claimed. "First Solar (FSLR) - Get Report has been so bad. I don't like that segment under a President Trump."
But regardless, people are not going to react to this news, Cramer reiterated. "The analysts aren't going to change their view on it. I think that's the important way to look at it. They're just not going to change. No 'buy' to 'holds.'"