Elon Musk's Response to Jim Cramer's Comparison of Tesla and GM Stocks

Wednesday, 10 July 2024, 07:06

Elon Musk reacts to Jim Cramer favoring GM over Tesla, as Tesla's stock rallies 44% following positive Q2 delivery numbers. Cramer's praise for GM CEO Mary Barra did not align with the market's response to Tesla's performance, leading to a significant surge in Tesla's stock value. Despite initial skepticism, Tesla's impressive delivery statistics defy expectations, illustrating the market's strong confidence in the EV giant's future growth.
Quantisnow
Elon Musk's Response to Jim Cramer's Comparison of Tesla and GM Stocks

Elon Musk Reacts to Jim Cramer's Take on GM and Tesla

Elon Musk found amusement in Jim Cramer's preference for GM over Tesla.

Market Response to Cramer's Comments

Tesla's stock soars by 44% after Cramer's remarks, showcasing a contrasting sentiment in the market.

  • Deliveries Beat Expectations: Tesla's Q2 delivery figures exceed estimates, leading to a surge in stock value.
  • Market Confidence: Investors show strong faith in Tesla's long-term prospects, driving the stock to recover previous losses.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Subscribe to our newsletter for the most reliable and up-to-date tech news. Stay informed and elevate your tech expertise effortlessly.

Subscribe