Jim Cramer Said The Tesla Shorts Should Be Careful

Shares of Tesla were down slightly early Tuesday after the company missed first-quarter delivery expectations of 16,000 vehicles, coming in 1,180 units short. A shortage of parts for the new Model X affected the results. Cramer said a lot of investors are shorting the shares of Tesla because if they can't meet demand now, how will they do it in the future. Pre-orders of the new Model 3 were near 300,000 vehicles, vastly exceeding Tesla's own expectations. But Cramer said there are only three stocks that he has seen in his career where profits don't matter. Cramer said, 'Tesla (TSLA) - Get Report Netflix (NFLX) - Get Report and Amazon (AMZN) - Get Report are the three stocks in my career where the earnings per share have not mattered. I know that the cars are great. I happen to love Tesla.'

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.