Skip to main content

Tesla Rallies Past $2,000: What Elon Musk Means for Stock Price

Publish date:
Video Duration:

Tesla. Elon Musk. You can’t have one without the other, right? Wrong, says Tesla Daily Maven Rob Maurer in an interview with TheStreet founder Jim Cramer.

Sure, that may have been the case in years prior. But now, according to Maurer, Tesla  (TSLA) - Get Tesla Inc. Report has such strong management in place that the company can survive even without Elon Musk at its helm.

“Personally, I feel really good about the management team that Tesla’s got in place. They don’t get the notoriety or the credit that Elon does, but they’ve got a really strong team in place,” said Maurer, citing Tesla CFO Zach Kirkhorn and President of Automotive Jerome Guillen as examples of prime leadership.

Thanks in no small part to Huillen, the “Model Y got launched early, Tesla Semi is headed into production for next year, Cybertruck looks to be on a great trek, Tesla is making great progress with all the Gigafactories worldwide,” said Maurer.

However, Musk leaving Tesla would have some impact on the stock, especially in the short-term.

More: Why Jim Cramer Changed His Mind About Tesla 

“If he were to leave Tesla, I think the stock would go down very significantly…but there would still be a really strong future, much like there has been for Apple after Steve Jobs passed away,” said Maurer.

Tesla’s stock surpassed $2,000 a share on Thursday. Tesla commands a market cap of $380 billion.

Watch Cramer's full conversation with Tesla Daily's Rob Maurer here.

Latest Videos From TheStreet and Jim Cramer:

Related Videos