Jim Cramer Believes Tesla Is Best Auto Stock During Pandemic

Katherine Ross

How's Tesla doing?

The stock, just a few months ago, was on a tear, ripping above $960 a share.

Now the stock is trading around $630.

However, despite all of the market turmoil in the past month, the stock is up a whopping 138% in the past year.

So, what does Jim Cramer think about Tesla now?

Watch the full video to find out.

Want to read more from Cramer? Read his daily column over on Real Money or find out what stocks he and his team at Action Alerts PLUS are watching over on ActionAlertsPLUS.com.

Video Transcript:

Katherine Ross:
Let's focus on Tesla. What are your thoughts about the stock rising and the U.S. furloughs that they've announced?

Jim Cramer:
Well, I think that Tesla is a demand-driven stock. I think it can go up because it went down too much. I think that they're the only car company that is going to have growth. I know that Ford's not going to have any growth. Ford made some cutbacks today. They're talking about having enough money in the third quarter. It is about liquidity. Tesla's got the most liquidity, which is really amazing since it had the least not that long ago.

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