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Jim Cramer: Tesla Has to Hit It Big In China

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It was reported Friday morning that Tesla (TSLA) is planning on selling 3.1 million shares and Elon Musk is now planning on buying over 102,000 shares for around $25 million.

When asked whether or not Tesla's plan to raise capital worked, Cramer said that there's another issue he's watching carefully.

"I think the Tesla has to hit it big in China in order to be able to go to the next level. So that's what--if they don't--that's worrisome," he said. "But the fact is is that yeah, [Elon Musk] got his funding needs and if people, if the international numbers that he's talking about come through, it's going to be great."

Cramer also added that he believes that Musk, CEO of Tesla, is the great exception to any rule. 

He referenced a story that he told on Thursday's live show about his time at Goldman Sachs (GS)

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