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Jim Cramer Says Tesla Will Be the First To Fall This Year: Congratulations To All Tesla Investors, 2024 Should Be a Banner Year

Jim Cramer just went on the air and said that Tesla will be the first to fall in 2024. You can usually expect the opposite to happen of what he says - congratulations to all Tesla investors, this should be a banner year.
Jim Cramer Says Tesla Will Be the First To Fall This Year: Congratulations To All Tesla Investors, 2024 Should Be a Banner Year

Jim Cramer - Tesla Will Be the First To Fall

Jim Cramer recently went on the air, on CNBC Mad Money, to talk about the "Magnificent 7" or the top 7 companies in the S&P 500, of which Tesla is one. He thinks Tesla will be the first to fall out of these top 7 companies.

He thinks this because he says Elon Musk has some petulance and need to own 25% of the company in order to innovate, even though he is the richest man in the world, and it's not enough to just own the 13% he has now.

Elon, bad look. I know he identifies with Inigo Montoya from the Princess Bride aka Manny Patinkin. But to me, he's about to be taken out by Calivera, Eli Log's brilliant bad guy, the magnificent 7.

Jim Cramer went on to talk about how Elon Musk needs five times his holdings to do super generative AI and this is why Tesla might be the first to exit the magnificent 7 companies.

This has led many in the Tesla community to say, "Tesla to the Moon!" Now, nobody knows which way Tesla is going to go, however, there is an X account called "Inverse Cramer" that has shown the opposite of what Jim Cramer has said coming true.

This Inverse Cramer account is simply a parady account of Jim Cramer, showing instances where the opposite of what Jim Cramer said happening. One such instance, is when on January 3rd, Jim Cramer said Bitcoin was here to stay, and it dropped $5,000 shortly thereafter in value.

Jim Cramer Bitcoin

Of course, this is largely for entertainment purposes, however, if this is a case where the opposite of what Jim Cramer says, this should be a banner year for Tesla.

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Will 2024 Be a Banner Year For Tesla?

Nobody knows absolutely sure what is going to happen in the future, so it's important to always keep that in mind. However, if Tesla continues to grow their fleet of EVs, progress on energy, FSD, and the Tesla Bot, then I think there's no reason why 2024 shouldn't be a banner year.

Couple that in with interest rates most likely coming down this year, and you have a recipe for success for Tesla.

Of course, anything could happen, but Tesla has shown over the years, since their IPO in 2012, that they have been able to grow the company from the original Tesla Roadster producing a couple of thousand units, to today, where Tesla has a run rate of over 2 million vehicles per year.

Look for Tesla to lower prices this year if interest rates remain high and don't come down.

If interest rates do go down, Tesla will eventually start to raise prices a little to reflect the lower monthly payments that come with buying a Tesla vehicle for a loan.

Now that we have this statement from Jim Cramer, the big question is, is he right? Is Tesla going to exit the magnificent 7 stocks in the S&P 500?

In Other Tesla News: Endless Stream of Tesla's Continuously Going Through Boring Tunnel Loop at Las Vegas

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Hi! I'm Jeremy Noel Johnson, and I am a Tesla investor and supporter and own a 2022 Model 3 RWD EV and I don't have range anxiety :). I enjoy bringing you breaking Tesla news as well as anything about Tesla or other EV companies I can find, like Aptera. Other interests of mine are AI, Tesla Energy and the Tesla Bot! You can follow me on X.COM or LinkedIn to stay in touch and follow my Tesla and EV news coverage.

Image Credit & Article Reference: Sawyer Merritt via CNBC | Inverse Cramer On X

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