Jim Cramer's Latest Analyses on Tesla

Tesla, Inc. (NASDAQ:TSLA) shares fell in yesterday's opening, and Jim Cramer evaluated this situation in the context of the overall weakness in the Bitcoin mining sector and other stocks. The CNBC TV host emphasized that Tesla, Inc. is not just a car company but also a company focused on autonomy and robotics. He noted that when a drop is observed in the opening, this stock is trading alongside mining companies, causing losses for many individuals.

“I know, and to some extent, outside of Applied Materials, these are trading together. Bitcoin is trading, there are so many Bitcoin mining companies that, as I said, it's like meme Bitcoin. I took a list of these companies, and they are all trading together. And they are all seriously hurting people,” Cramer said.

Previously, Cramer had also mentioned Elon Musk's threats to leave Tesla, Inc.:

“It would be disruptive. We don’t know many people who work at Tesla. I know they are very good; they have built a great team. However, I won’t say this in a death penalty way, who would want to buy that stock? I just don’t want to own it... This would be the highest-profile drop caused by a CEO's departure.”

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