Jim Cramer Says He Was 'Wrong' About Tesla Being A 'Cult Stock'

Tesla Inc (NASDAQ: TSLA) received high praise from the CNBC “Mad Money” host Jim Cramer on Thursday in the aftermath of the company reporting third-quarter earnings.What Happened: “They have left the old-school automakers in the dust,” Cramer said, analyzing the Q3 results of the Elon Musk-led company.Cramer said he was “wrong” about counting Tesla among his list of cult stocks. “It’s not a cult stock, as I once thought,” the former hedge fund manager said.Earlier this week, the CNBC host had noted, “I’ve always said Tesla’s a cult stock, even after I joined the cult last year. That shareholder base …read more

Source:: Yahoo Finance


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