Jim Cramer on Chewy, Search for Next Tesla

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Jim Cramer devoted his Real Money column on Tuesday, March 16 to Tesla.

However, what stood out was a simple comparison he made. 

"Throughout this period the old-fashioned investors rushed to compare what amounted to be apples to oranges. The newer investors couldn't believe that anyone would see it any other way. Isn't that, for example, how GameStop could go from a failing video game store to a potentially fast-growing digital retailer of something of which we don't know yet? Of course. Why? Because Chewy is the Tesla of dog food; it's not a seller of canine treats, it's a digitizer of the pet food industry," Cramer wrote.

"I know that one day we might revert to thinking less magically and view all of these companies as what they might have set out to be before the stunning success of Tesla, but right now the newfound prevailing wisdom is clobbering the old kind and those who cling to the latter are destined to be run over by a Lucid or a Fisker or the original, Tesla, itself," he continued.

Read the full column here.

Chewy as the Tesla of dog food? One has to wonder how key a stock like Chewy is for a portfolio if it is that much of an innovator.

Cramer told TheStreet Live every investor should be searching to find the next Tesla. "I genuinely believe the next Tesla's are out there," Cramer said. 

Recap TheStreet Live: Everything Jim Cramer Is Watching Tuesday

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