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Jim Cramer Explains What Apple and Tesla Share in Common

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What do Apple undefined and Tesla  (TSLA) - Get Free Report have in common? According to Jim Cramer, they share a similar mindset, which may be why both companies are on fire in 2020. 

Both stocks are catching mass investor interest Monday after opening for trade following their respective stock splits. 

Watch: How to Approach Apple and Tesla After Stock Splits

Recently, TheStreet founder Jim Cramer and Tesla Daily Maven and expert Rob Maurer discussed the prized electric-vehicle company -- Wedbush Securities analyst Dan Ives increased his bull case Tesla price target by 40%, to $3,500 per share -- in an interview.

"On not having to replace your Tesla every four years -- Tesla doesn't really care about stuff like that. They're really just focused on providing as much value as they can to the end customer, and they believe that is the path to success," said Maurer.

"Tesla right now is in a position where they don't have to plan for things like that because their market share is so small, there's so much market yet for them to grab, that they don't need to worry so much about making sure their customers are coming back every four years," Maurer added.

"It's very interesting because that's Apple's perspective," responded Cramer. "That's what Apple does. When you ask them about what's the next thing, they say, look, 'The next thing is this. When we have a great thing, we'll put it out. And we won't put it out beforehand,'" said Cramer. 

"Tesla shares Apple's view which is, 'look, we'll put it out when it's great!'" Cramer added. 

Here's an excerpt from Ives' note on China: "Model 3 demand out of China remains a linchpin of success and appears to be on a run rate to hit 150k unit deliveries in the first year out of the gates for Giga 3 which is driving some strength for Tesla as well as Model Y deliveries starting to ramp," wrote Ives.

Watch the full video interview between Cramer and Maurer here. 

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