Jim Cramer Remembers How He Was Criticized After Tesla, Inc. (TSLA)’s IPO
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Jim Cramer, the CNBC host, recently reflected on the criticism he faced following Tesla, Inc.'s IPO, recalling how he was skeptical about the company's potential for profitability at the time. During a discussion about Tesla and SpaceX, Cramer noted that despite his reservations, he managed to capture 96% of Tesla's stock movement. He mentioned that his cautious stance drew ridicule from figures like Elon Musk, highlighting the challenges of being a critic in a rapidly evolving market.
In June 2026, JPMorgan raised its price target for Tesla shares from $145 to $475, upgrading the stock's rating to Neutral, emphasizing that Tesla is more than just a car manufacturer. This perspective aligns with Cramer's view that the company is venturing into robotics and artificial intelligence. Nightview Capital, a significant investor in Tesla, also expressed confidence in the company's long-term vision, which includes developments in AI and robotics, despite acknowledging the cyclical pressures on its automotive sales.
As Tesla continues to evolve, analysts and investors remain divided, with some believing that the market undervalues its potential beyond automotive revenue.
Original report
Jim Cramer Remembers How He Was Criticized After Tesla, Inc. (TSLA)’s IPO
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