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Jim Cramer from Mad Money says we are a cult

Discussion in 'TSLA Investor Discussions' started by leilanimunter, Jul 10, 2013.

  1. leilanimunter

    leilanimunter Member

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    tweeted me today.

    JimCramerMadMoney.jpg

    As you may remember, Jim Cramer famously said of Tesla "“You don’t want to own this stock! You don’t want to own this car! Heck, you don’t even want to rent the thing!”

    So there you have it folks, we are a cult. I'm cool with it. :cool:
     
  2. GasDoc

    GasDoc Member

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    He said that before he test drove one, right?

    I remember him raving about the car after he actually drove it, a month or two ago.
     
  3. v12 to 12v

    v12 to 12v Active Member

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    There is nothing wrong with TSLA being a cult stock either.
     
  4. Smop

    Smop Banned

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    Roadster owners were a Cult, Model S owners are closer to an organized religion
     
  5. sp4rk

    sp4rk Banned

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    Really? And I thought I was agnostic!
     
  6. DaveT

    DaveT Searcher of green pastures

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  7. sp4rk

    sp4rk Banned

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    I'm cool with it too. Glad to hear you're talking at Teslive ... looking forward to being in the audience, excuse me, congregation :) ...
     
  8. Zextraterrestrial

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    Should be a ' cult classic'

    :tongue:

    I definitely like some of those movies
     
  9. leilanimunter

    leilanimunter Member

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    haha! if that's the case, i better change my speech around a little bit. it's going to be fun. can't wait to meet everyone! TeslaSmiley.jpg
     
  10. AudubonB

    AudubonB Mild-mannered Moderator Lord Vetinari*

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    Yeah, whatever.

    As long as you don't all sit around TESLIVE de-veining spiders.


    THAT oughta cause a bit o' head-scratching:rolleyes:
     
  11. Curt Renz

    Curt Renz Active Member

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    Thanks for starting this fine thread, Leilani!

    Cult stocks have very little revenue. Tesla Motors has quite a lot. Cramer appears willing to miss a ten-bagger, rather than possibly mislead millions of CNBC viewers in case a company were to eventually go belly up. He may see that as prudent, if he is to maintain his CNBC job. So despite his flamboyance, he seems to downplay companies whose current fundamentals do not appear to justify today's share price. But in the case of an innovative new company aggressively disrupting large but tired industries, fundamental analysis can be set aside as more and more market participants sense the rise of an industrial behemoth. Unfortunately for Cramer and his followers, they are missing out on what could be the stock of the century.
     
  12. Bgarret

    Bgarret Model S ownin' Michigan scofflaw

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    Unless you are a cultist and have read Jack R on the shorted counter-argument thread
     
  13. DaveT

    DaveT Searcher of green pastures

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    Stock of the century... I love it! :)
     
  14. MikeC

    MikeC Active Member

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    I'd be offended by that if I hadn't already knowingly drunk the Kool-aid (...and if I cared what Cramer thought). Christianity was a cult at one point, too.
     
  15. dsm363

    dsm363 Roadster + Sig Model S

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    He may just be playing it safe. After his disastrous recommendations leading up to the stock market tanking a few years ago he might be taking it easy.
     
  16. callmesam

    callmesam Member

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    "was a cult"?
     
  17. sleepyhead

    sleepyhead Active Member

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    Cramer also called this stock a "cult" stock several times on CNBC already.
     
  18. bart513

    bart513 Member

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    I was with Cramer at the B and B where he drove the car too ( and also the owner of the silver Roadster that you see pulling away). I spoke at length with him prior to his interview with Elon Musk. In terms of the Model S that he drove he LOVED the car and would recommend the car to anyone. In terms of the stock he is still laying low.
     
  19. MikeC

    MikeC Active Member

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    Haha, I'm not touching that one! But I think 2000 years later it's safe to say that it's earnings growth justified what was probably a high P/E ratio when compared to other religions at the time.
     
  20. BobHodgen

    BobHodgen Member

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    Cramer's not too bright, he probably shorted TSLA.
     

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