CNBC Jim Cramer reasons for owning Tesla Stocks are worth it not because of President-elect Trump It is said It wants to relax the rules of autonomous driving in the United States, but it is because of CEO Musk himself.
“While I don’t believe in national self-driving mandates, I don’t think there’s anything that really weakens the case for owning a Tesla,” he said. “Musk’s premium will work its magic in other ways, perhaps favoring municipalities and Tesla Rentals on Federal Hwy.”
Electric vehicle inventory Jumped Up 5.62% on Monday At the close, follow Bloomberg Report The Trump transition team wants to create a federal framework for self-driving cars. Such a framework could allow for wider deployment of cars — which would be a major win for Tesla and Musk, who have long sought to release a fleet of self-driving cars. robot axis. Musk is a prominent Trump ally and key campaigner donor. he already is percussive Lead a new Government Effectiveness Group whose goal is to “abolish government bureaucracy, cut redundant regulations, cut wasteful spending, and reorganize federal agencies.” statement From Trump.
But Cramer said the Trump team’s self-driving car plan may be easier said than done. He noted that many state and local governments would have to agree to the new rules and said the idea that the federal government “could somehow allow self-driving cars to be everywhere” was “simply fanciful.”
However, he went on to say that he was willing to bet on Tesla because barclays bank Analysts called this the “Elon premium” in a recent report. The CEO’s involvement in Trump’s successful campaign “significantly elevated Musk’s status as a global power broker,” analysts wrote. successful launch) transactions are consistent. Cramer also emphasized that Tesla stands out among its electric vehicle peers because of its focus on technology.
“No matter what, always remember Tesla is a technology company,” he said. “Everyone else is an automaker, and a technology company can get a very high multiple and no one is turning a blind eye.”
Tesla did not immediately respond to a request for comment.
