Tesla, Inc. (TSLA) has been making headlines lately, with its stock price reaching new heights and its CEO, Elon Musk, becoming the world’s richest person. But according to CNBC’s Jim Cramer, there’s more to Tesla than just being a car company.
In a recent interview, Cramer argued that Tesla is a “technology company that happens to make cars.” He pointed to the company’s advancements in battery technology and its plans for autonomous driving as evidence that Tesla is more than just a traditional automaker.
Cramer also highlighted the potential for Tesla to expand into other industries, such as energy storage and solar power. He believes that the company’s focus on innovation and disruption sets it apart from other car companies and makes it a solid investment for the future.
While some may argue that Tesla’s stock price is already inflated and that it may be a risky investment, Cramer believes that the company’s long-term potential outweighs any short-term concerns. He sees Tesla as a leader in the electric vehicle market and believes that it will continue to dominate as the industry grows.
So, for retail investors looking to get in on the action, Cramer’s advice is to think of Tesla as a technology company rather than just a car company. By keeping an eye on the company’s advancements and future plans, investors may find opportunities for profitable returns down the road. As Cramer puts it, “Tesla is a concept stock, and the concept is good.”
