Jim Cramer from Mad Money says we are a cult

[leilanimunter]

tweeted me today.

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.

 

[GasDoc]

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!”

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.

 

[v12 to 12v]

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

 

[Smop]

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

 

[sp4rk]

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

Really? And I thought I was agnostic!

 

[DaveT]

Cult Stock Definition | Investopedia

 

[sp4rk]

tweeted me today.

View attachment 25358

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.

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

 

[Zextraterrestrial]

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

Should be a ' cult classic'

:tongue:

I definitely like some of those movies

 

[leilanimunter]

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

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!

 

[AudubonB]

Yeah, whatever.

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


THAT oughta cause a bit o' head-scratching

 

[Curt Renz]

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.

 

[Bgarret]

Yeah, whatever.

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


THAT oughta cause a bit o' head-scratching

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

 

[DaveT]

Unfortunately for Cramer and his followers, they are missing out on what could be the stock of the century.

Stock of the century... I love it!

 

[MikeC]

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.

 

[dsm363]

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.

 

[callmesam]

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.

"was a cult"?

 

[sleepyhead]

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

 

[bart513]

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.

 

[MikeC]

"was a cult"?

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.

 

[BobHodgen]

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