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Should You Buy Tesla Stock On Dip? Here's What Jim Cramer Has To Say

Benzinga2021-08-18

CNBC host Jim Cramer has advised investors to buy shares in electric vehicle maker Tesla Motors as the stock extended losses to a third day on Tuesday.

What Happened: “Can we just buy Tesla? Tesla is down. They do renewable energy. They have solar energy and the car,” Cramer said on CNBC’s “Mad Money Lightning Round.”

Cramer has recommended that investors buy some shares in Tesla now and also buy later if the stock falls another 5%.

Why It Matters: Tesla’s shares fell for a third day on Tuesday amid worries about vehicle safety issues and disappointing economic data from China, the company’s second-largest market.

It was reported on Monday that the National Highway Traffic Safety Administration (NHTSA) has opened a formal investigation into the electric vehicle maker’s Autopilot system.

Tesla is also seeing high interest from retail investors and was the sixth-most discussed stock on the Reddit’s WallStreetBets forum as of Tuesday night. The forum, which has 10.7 million users, is best known for driving the rally in GameStop and other heavily-shorted stocks earlier this year.

The Elon Musk-led company had reported better-than-expected earnings results for the second quarter last month.

Price Action: Tesla shares closed almost 3% lower in Tuesday’s trading at $665.71.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论34

  • 石榴妹
    ·2021-09-06
    1
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  • BoonHuat
    ·2021-08-18
    Buy! Good price to enter now.
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  • Jaccvc78
    ·2021-08-18
    Good time to stock in[财迷] 
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  • Cedric77
    ·2021-08-18
    Yes. Dipped = Buy! Correction = Buy! For EV, TESLA is the lead. How can you like EV and but u dun own TESLA  right? So always when Dipped or Correction! Is A BUY!
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  • HENRYCSC
    ·2021-08-18
    [LOL] 
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  • HENRYCSC
    ·2021-08-18
    [LOL] 
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  • Sflee
    ·2021-08-18
    I won’t 
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  • Cheeseong
    ·2021-08-18
    No
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  • Cheeseong
    ·2021-08-18
    No
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  • aaronh
    ·2021-08-18
    [开心] 
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    收起
    • aaronh
      [得意]
      2021-08-18
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  • Shlee
    ·2021-08-18
    I think nio is a better buy
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  • EricLim90
    ·2021-08-18
    Will wait for further dip 
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  • Heibi
    ·2021-08-18
    Lol watever he recommends just do the opposite 
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    • money2me
      totally agreed haha
      2021-08-18
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    • plain_paper
      second that
      2021-08-18
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  • 960f93a
    ·2021-08-18
    Wow
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    收起
  • Erikca
    ·2021-08-18
    Like
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  • losemoneylah
    ·2021-08-18
    How about nio 
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  • WhenLambo69
    ·2021-08-18
    Just to clarify, is this the same Cramer who advise people to buy DIDI?
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    • Polited
      Yup, Mr Jim "Mad Money" Cramer. Known for suggesting shares that go against his recommendations.
      TSLA is undoubtedly a good share to hold long term though.
      2021-08-18
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  • PalantirMood
    ·2021-08-18
    Buy on dip..
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  • Nope.. there will be more bad news to come :)))
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  • DCFDTL
    ·2021-08-18
    Look at all the sheeps in the commentsIf Cocaine Cramer is telling you to buy something, it means you better sell itAlways do the opposite of what he says
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