Tesla, Inc. (TSLA) Isn't Being Targeted By Trump's Copper Tariffs, Says Jim Cramer
Tesla, Inc. (NASDAQ:TSLA) is the world's largest electric vehicle manufacturer. Cramer has discussed the firm regularly in his morning shows this year. The CNBC TV host believes that Tesla, Inc. (NASDAQ:TSLA) narrative should be driven by humanoid robots and self-driving instead of EV deliveries. The shares have lost 18.3% year-to-date as investors have fluctuated from being optimistic about self-driving and robotaxi plans to worrying about Musk's tensions with President Trump and falling vehicle deliveries. Cramer discussed Tesla, Inc. (NASDAQ:TSLA) in the context of President Trump announcing a 50% tariff on copper:
'Okay so Tesla has a 180 pounds of copper. These electric vehicles are filled with copper. And a typical ICE vehicle has far fewer. Now candidly, Musk is trying to get this down to 40 pounds. But if you didn't know better you would say boy this is really aimed at, at Tesla. . . If I were Elon, which I'm most certainly not. . .I would say holy, he's coming after me, I'm a copper user. But everybody uses copper. . . most of the world's copper is used by China.'
Previously, Cramer had discussed Tesla, Inc. (NASDAQ:TSLA) after a William Blair downgrade:
'[On William Blair downgrade citing EV and regulatory credit loss as driving the decison] I read and plus the story about China and how they're lagging. And I come back and say okay, when you make those two points, tomorrow there'll be someone who says, look it's not a caa company. It's humanoid and it's self driving. And that ability to be able to select why you like the stock of Tesla is something that is beginning to annoy me. I happen to like Tesla but I'm just saying I like it for humanoid, I like it for self driving. Forget about the car because those are better markets. But these guys are like, the deliveries are bad, I'm gonna downgrade. You know come on, just be consistent. Be consistent. This thing is a juggernaut when it comes to humanoid and when it comes to self driving and that's what I care about.'
While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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