Elon Musk, Investors And Grok Wary Of Tesla Stock Tumbling After Jim Cramer Says It Could Touch $1 Trillion Market Cap

Quick Summary:

Tesla Inc.(NASDAQ:TSLA) investors and CEO Elon Musk are now wary about the future performance of the stock after Jim Cramer put it on the list of 8 companies that he thinks could join the “trillion dollar stock club.”

What Happened: CNBC “Mad Money” host and former hedge fund manager Cramer on Wednesday reviewed eight stocks that he believes could hit a trillion-dollar market capitalization and Tesla is one among them, together with pharma giant Eli Lilly, Warren Buffett‘s Berkshire Hathaway and retailer Walmart.

Tesla investors on Wednesday are now joking that the prediction could lead to a potential fall in the stock after the recent rally.“Welp, it was a good run y’all,” Tesla investor Sawyer Merritt wrote on X, formerly Twitter.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: Tech EVs Elon Musk News US88160R1014 Mobility Benzinga Electric vehicles TSLA Jim Cramer

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 07:45:12 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21572420

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