CNBC’s Jim Cramer, a longtime Tesla critic, says he might be about to buy a Model X — because his wife says so
Back in 2011, with Tesla Inc. shares trading down around $22, CNBC’s “Mad Money” host Jim Cramer told a caller to “cut her losses” and unload her position. “Nothing there. Don’t like that stock,” he said.
Booyah! The stock closed Monday at $336.34.
So, for those of you playing at home, assuming she had 1,000 shares, she walked away from a gain of $314,340 by listening to this chowderhead.
Apparently something funny happened over the past couple of days: “I took a ride in a Tesla this weekend that made Lisa say, that’s it, we are buying one. Enough already,” he tweeted on Monday.
This “investment expert” has been advising people about Tesla stock, and yet he never bother to check out the product?
Cramer has had plenty to say about Tesla and its boss, Elon Musk, along the way. Earlier this year, he said Musk is like P.T. Barnum and it’s “annoying.” Before that, he floated the idea of Musk being removed as CEO. More recently, he panned Tesla’s new Cybertruck as “a bit of a bust.”
Hmmm… It seems that Cramer’s job is to talk about companies he doesn’t understand, and advise gullible people about whether they should invest their money, or short the stock. Talk about “one born every minute”.
He explained in a later tweet directed at Musk that the Model X is the version that he took for a spin and it was a “fantastic ride.”