The Future of Tesla: What Do Investors Think?

Tesla, Inc. (NASDAQ:TSLA) is among the latest stocks highlighted by Jim Cramer.

The ongoing discussion about the electric vehicle manufacturer Tesla, Inc. (NASDAQ:TSLA) focuses on whether the company is an automotive firm or, as CEO Elon Musk claims, a technology company. Cramer argues that investors should concentrate more on the technological aspect of Tesla, Inc. (NASDAQ:TSLA) rather than its car sales. However, reports in the media indicate that the company's sales in Europe have weakened, and the stock's decline was inevitable.

According to Reuters and Bloomberg, Tesla, Inc. (NASDAQ:TSLA)'s sales in Europe fell by 28.5%, with this figure plummeting dramatically to a 89% decline in Sweden. Cramer commented on the drop in stock price and Tesla, Inc. (NASDAQ:TSLA)’s business model:

“I was surprised that the stock only dropped 18% given how bad the numbers are. But remember, this company isn't actually trading as an automotive firm. Meanwhile, companies like Uber are also present in the market...”

While we acknowledge TSLA's potential as an investment, we believe that some AI stocks offer greater promises of higher returns and limited risk. If you are looking for an extremely cheap AI stock that benefits from Trump tariffs and domestic production, you can check out our free report on the best short-term AI stocks we have prepared.