Jim Cramer on Tesla: “CEO Elon Musk Simply Changed the Narrative, and the Street Bought It”

“Tesla was a car company, and its banal rallied arsenic a car company, and past erstwhile things got precise competitory successful electrical vehicles, the banal got hammered and hammered and hammered again. But erstwhile Tesla fell from the $400s to the $200s astatine the opening of this year, an astonishing happening happened. The stock, not the company, the stock, was ever the aforesaid company, morphed into a chit successful the large crippled of self-driving and robots. CEO Elon Musk simply changed the narrative, and the Street bought it. That cognition has allowed the banal to regain astir each those mislaid points, adjacent though it’s beauteous overmuch the aforesaid institution it was earlier the diminution successful electrical conveyance profits. And that’s what the Magnificent 7 do.”

Photo by Tesla Fans Schweiz connected Unsplash

Tesla, Inc. (NASDAQ:TSLA) designs and sells electrical vehicles and besides develops and installs star vigor and retention systems for residential, commercial, and concern customers.

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