Elon Musk Calls an Emergency Meeting With Tesla’s Autopilot Team After Jim Cramer Gives Tesla’s FSD Approach the Stamp of Approval – Musk Says “Inverse Cramer is a Tough Karma to Overcome”

Tesla is gearing up to start the first driverless robotaxi service in Austin, Texas, this June.

The anticipation surrounding Tesla’s long-awaited driverless ride-hailing service is driving the stock higher, with shares increasing by 25% in just the past week.

For context, this is more than $150 billion added to Tesla’s market cap in just a few days.

Elon Musk has been at the forefront of Tesla’s full self-driving initiative, almost entirely directing the company’s focus on this ambitious project.

Finally, people are starting to see Musk’s vision for Tesla’s autonomous future; however, one major endorsement from a prominent financial analyst has left Musk fearing the worst.

At this point, you might be thinking, why would an endorsement from a major financial analyst be a cause for concern? The simple answer is—Inverse Cramer.

If you are not aware of Inverse Cramer, the term was coined as a rebuke of Jim Cramer, the host of CNBC’s popular Mad Money show and a former hedge fund manager.

Throughout his lengthy career making financial predictions on CNBC, Jim Cramer has made several notable mistakes.

Cramer famously asserted that the market was stable and the banking system robust, mere days before the significant bank collapses of 2008 and the onset of the Great Depression.

Cramer also referred to Sam Bankman-Fried, CEO of the FTX exchange, as a visionary just months before FTX's collapse, which resulted in billions of dollars lost for users and ultimately led to Sam's imprisonment on fraud charges.

During Tesla’s initial public offering back in 2010, Cramer famously stated that he wouldn’t even rent Tesla shares, much less buy them, when Tesla was valued at less than 1% of its current worth.

Due to these significant blunders, individuals in the finance sector have begun to adopt the opposite approach to Jim Cramer's forecasts.

Returning to Tesla and Elon Musk, Cramer recently endorsed Musk’s strategy for achieving fully autonomous vehicles. He claimed that Waymo, Alphabet's self-driving division, will struggle to scale successfully.

Waymo is currently operating fully driverless ride-hailing services in multiple cities, offering more than 250,000 paid rides per week.

However, despite Waymo’s significant lead over Tesla, Cramer said…

"I'm putting my chips on Elon Musk.

I don't think Waymo scales the way people think.

Go and read what Musk said about what he's gonna do."

Once more, any executive would appreciate this enthusiastic backing; however, Musk appears concerned about Inverse Cramer.

Not only is Musk concerned about the endorsement from Cramer, but he also goes one step further, stating that he will gather Tesla’s autopilot team for an emergency meeting to work on the FSD launch.

In response to Cramer’s endorsement, Musk writes…

“Uh oh 😬 

Inverse Cramer is tough karma to overcome!

I’m calling weekend reviews with the Autopilot team to accelerate progress.”

This is certainly an interesting turn of events; however, Musk ups the ante by claiming that, more than creating reusable rockets and fully autonomous vehicles, overcoming the Inverse Cramer is the hardest thing he’ll ever have to do.

Overall, it’s interesting that Musk is taking the Inverse Cramer seriously enough to assemble the autopilot team for an emergency meeting over the weekend.

Some people would say that’s taking things a little too far. However, please let me know what you think in the comments below.

This wouldn’t be the first time an unlikely turn of events set off alarms in the automotive world. Just ask the owner of a Hyundai Palisade who, at only 30,000 miles, encountered an unusual engine noise that two dealerships chalked up to “spark knock” - even after a fuel system cleaning. What’s unexpected is how persistent the issue was, and how little clarity he received from service techs. If Tesla fears the “Inverse Cramer” curse, Palisade owners might just be worried about a different kind of automotive karma.

Share your ideas by clicking the RED “Add new comment” button below. Also, be sure to visit our site, torquenews.com/Tesla, regularly for the latest updates.

Image: Screenshot from CNBC’s YouTube channel

For more information, check out: A Tesla Cybertruck Owner Says His Truck Saved His Rare Chicken Breeds – Adds “Such an Amazing Feature! Name Another Truck That Can Do This”

Tinsae Aregay has been following Tesla and the evolution of the EV space daily for several years. He covers everything about Tesla, from the cars to Elon Musk, the energy business, and autonomy. Follow Tinsae on Twitter at @TinsaeAregay for daily Tesla news.