Jim Cramer: There Is No Ceiling on Tesla Stock

Jim Cramer has some advice for investors considering getting into Tesla.
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When is it time to get into Tesla? Right now, according to Jim Cramer.

This came after reports that the clean energy carmaker had cut prices for its Model 3 sedan in China and could be ready to publish record third-quarter deliveries later this week.

Tesla's China website suggests that starting prices for its popular Model 3, which are now made in its Shanghai factory, have been reduced by 8% to around $36,800 each, while the longer-range version was reduced to around $40,000 each. The new models will also include cheaper lithium iron phosphate batteries, Reuters reported.

A report from the tech-focused Electrek news website yesterday also suggested Tesla's third-quarter deliveries could come in at a record high later this week, thanks in part to solid China sales which topped the 11,000 mark last month in the world's biggest car market.

Street forecasts suggest Tesla's third-quarter deliveries will rise to around 140,000 vehicles, compared to a 90,650 tally for the three months ending in June. That would still leave Tesla needing to shift 166,000 cars -- another record -- over the final three months of the year to meet its 2020 estimate of 500,000.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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