Tesla · CNBC Technology
Jim Cramer: Tesla is a buy after hearing what Elon Musk said on the earnings call
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CNBC's Jim Cramer on Thursday called Tesla a buy following its latest earnings and what Elon Musk said on the call.
Key facts
- Revenue of $22.39 billion, however, came in slightly below estimates of $22.64 billion
- The electric vehicle maker reported mixed results Wednesday evening, posting first-quarter adjusted earnings per share of 41 cents versus estimates of 37 cents
- CNBC's Jim Cramer on Thursday called Tesla a buy following its latest earnings and what Elon Musk said on the call
- [Musk] thinks so big that you almost think. sometime in the next 20 years, if the reporter buy this stock, the reporter is going to be rich
Summary
Revenue of $22.39 billion, however, came in slightly below estimates of $22.64 billion. Shares fell almost 4% on Thursday as investors reacted to rising capital expenditures and a potentially slower rollout of key initiatives like robotaxis and full self-driving. Cramer said the tone of Musk's commentary on the call reinforced his bullish view, pointing to the Tesla CEO's continued emphasis on long-term innovation, particularly around artificial intelligence and robotics.