The analysts are identifying some real problems with Tesla, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Mad Dash" segment. There are concerns over the upcoming Model 3 unit and about the potential acquisition of SolarCity (SCTY) . The deal has a lot of investors concerned, too, Cramer said.
This downgrade could cast a big, dark shadow over the stock, he said. Goldman had been bullish on Tesla for a long time and has performed several deals for the automaker.
Tesla is even being lumped into the general concern about self-driving automobiles, Cramer said. Tesla is forward thinking but is it forward thinking enough when it comes to self-driving cars?
Meanwhile, the prospect of self-driving vehicles is doing good things for shares of semiconductor companies, Cramer said.
This group remains so in demand that investors are still willing to buy stocks such as KLA-Tencor (KLAC - Get Report) and Lam Research (LRCX - Get Report) , even though both companies abandoned their merger Wednesday because of regulatory concerns.
Both companies have more business than they can handle, according to Cramer. Applied Materials (AMAT - Get Report) is another company in high demand. Investors realize how strong the semiconductor cycle is right now, and that keeps them buying, Cramer concluded.