Jim Cramer: I’m Checking Out the Tesla Showroom This Weekend
Tesla is making a big splash with its new, less expensive Model 3 vehicle and TheStreet's Jim Cramer says he intends to go to the showroom.
Tesla (TSLA) - Get Report is making a big splash with its new, less expensive Model 3 vehicle and TheStreet's Jim Cramer said he intends to go to the showroom this weekend and check it out. He said demand has been incredible for this new electric car with over 100,000 orders to date and this is putting pressure on Ford (F) - Get Report and GM (GM) - Get Report to come up with something equally exciting. Cramer reminds investors, however, that this is a 'cult stock' and the performance of the shares is detached from the quality of the product.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
