CNBC’s ‘Mad Money’ host Jim Cramer reaffirmed his bullish stance on Tesla, highlighting the Elon Musk-led company as a standout among the other Mag Seven stocks.
Cramer noted on Monday that the seven tech stocks — Apple, Microsoft, Alphabet (Google), Amazon, Nvidia, Meta, and Tesla — have been “underperforming” in the past days.
“Microsoft, Meta, and non-club company Tesla have turned into stocks that are very difficult to own except for select days,” he added.
However, he flagged that this quarter will define Tesla‘s path forward, as the company progresses in autonomy.
“Next, repeat after me, Tesla’s a robot company. Tesla‘s an autonomous driving play. It’s not just a car company,” Cramer stated, before adding that “this might be the quarter that defines that new narrative.”
According to the CNBC host, the company’s stock “is going to go sky high” as Tesla redefines itself as a non-car company.
“I’m not kidding. That’s going to be the one that does the best if they define it as a non-car company,” he reiterated.
Tesla‘s shares reached a new record on December 22, when they traded as high as $498.83.
The stock jump in the previous days had been fueled by autonomy-related news, as the company announced it started testing fully driverless Robotaxi rides.
Since then, however, the stock has lost 12.8% of its value, based on Monday’s closing price of $435.20.
Late last week, Tesla had its best-performing day of the year so far, with its stock closing up 4% on Thursday after the company announced it had begun offering public Robotaxi rides with no monitors inside the vehicles.
However, the gains were wiped out on Friday after VP of Software Ashok Elluswamy clarified that only a few vehicles in the fleet are currently fully driverless, and “chase cars” were observed following the vehicles.
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Late last year, Cramer had commented on the company’s stock, calling it “a horse” despite several potential setbacks.
These included the rollout of the Robotaxi service and Elon Musk’s public clash with US President Donald Trump earlier in 2025.
“Tesla Robotaxi service, meanwhile, is making progress, albeit at a slower pace than Waymo, and Musk had a high-profile falling out with the president last spring,” Mad Money host recalled.
“Still, that hasn’t held back Tesla’s stock, which has been roaring for months,” Cramer said, adding, “it is a horse.”
Days earlier, he stated that Tesla had “finally” started its transition “from auto company to tech company, from a company that’s getting its head handed to it in sales to a company that’s a nascent leader in robots and self-driving cars and in energy storage.”
Despite headwinds in the auto business, Tesla was seemingly safe from it as it “no longer trades like an auto stock.”
“Everything else is totally unrelated to the Fed. It doesn’t work. No wind at the back of any of these,” Cramer said.
Rivian and Lucid
Late last week, Jim Cramer commented on both EV makers Rivian and Lucid stocks when a caller mentioned buying Lucid shares in 2021 and being deep in the red.
“I bought shares of Lucid Group back in 2021, and I am deep in the red. So with the company…” the caller stated before Jim Cramer immediately interrupted.
“Take the loss. Take the loss. Take the loss,” Cramer said.
“I mean, look, Rivian [stock] is at $16,” he suggested. “If you like that, Rivian is better. I don’t, but that’s the one you want to be in.”
