Is Elon Musk growing up?
Jim Cramer seems to think so.
Real Money Stock of the Day Tesla reported an adjusted loss in the period of $1.12 a share, below forecasts that predicted a loss of 40 cents. Revenue in the quarter of $6.35 billion also came up shy of consensus.
"We are working to increase our deliveries sequentially and annually, with some expected fluctuations from seasonality," Elon Musk, CEO, said. "This is consistent with our previous guidance of 360,000 to 400,000 vehicle deliveries this year."
Cramer weighed in on the conference call and gave Musk a compliment.
"No, [the call was] really straightforward. It was kind of like what you expect from a Ford or GM. He's changed. Okay. He's, he did say that if you don't really understand what I'm doing," said Cramer. "If you don't understand what I'm doing, you're basically a nematode. But what I liked about it was this exchange between Toni Sacconaghi and Elon Musk where Toni's saying, how's the quarter going to be? Right. And Elon Musk is saying, let me tell you about how the next year is going to be."