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I’ve Moved on From Mobileye, Here’s Why Tesla’s a Cult Stock: Cramer

July 28, 2023
in Trade Tube
Reading Time: 1 min read
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Jim Cramer answers viewers’ Twitter questions from the floor of the New York Stock Exchange. This week, he reveals why he believes Mobileye has come and gone. Although some say it’s worth another look, Cramer says at this point he’s moved on to other names. When it comes to Tesla, he calls it a cult stock but says he agrees with Merrill Lynch’s move to cut its price target. He also weighs in on Boeing, after an upgrade of the stock on Friday followed by a downgrade of it by another firm on Monday. With analysts split on the stock, Cramer says he doesn’t believe Boeing is expensive on 2016-2017 numbers, and breaks down how investors can get back in. Tweet your questions @jimcramer every Monday using #CramerQ.

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