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Jim Cramer: Tesla Is a Cult Stock

May 23, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Action Alerts PLUS Portfolio Manager Jim Cramer awaits Tesla’s quarterly results, which are released on Wednesday after the markets close. “Tesla is a cult stock – there’s nothing to look at,” Cramer said. “The people who love Tesla cars buy the stock.” Analysts expect the automaker to post earnings of $0.06 a share on sales of $2.34 billion. During the same quarter a year ago, it reported a loss of $0.58 a share on revenue of $1.24 billion. Tesla shares are down 15.7% year-to-date.

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