Why Jim Cramer Likes Tesla's Stock

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Monday afternoon, Tesla  (TSLA) - Get Report hit a market cap of $82 billion.

Need some perspective?

Tesla's market cap has surpassed the combined market caps of General Motors--at $51 billion--and Ford--at $36 billion.

"I am dumbfounded, too, dumbfounded about why Tesla's not up even more than it is. This is a market that thrives on growth. Tesla has it in spades. GM doesn't have much at all and Ford is actually on the decline," wrote Cramer in his Real Money column Tuesday morning.

Plus, Tesla's got a growth business in China to beat the band, while Ford's China business is in trouble and GM's seems almost static to me. The fact that Elon Musk did a jig last night is being viewed as something that's cocky, hilarious even. Who can blame the guy? He built that plant that can produce 150,000 cars in 10 months. Ford and GM would be struggling to get a similar plant open in 18 months," he continued.

Watch the full video above for more. 

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