Jim Cramer Weighs In On Tesla's Potential After Stock Gained Over 6% On Monday: 'Not A Fan Of It, But Not Against It'
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CNBC’s “Mad Money” host Jim Cramer gave his insights on Tesla as the stock observed an over 6% jump following the announcement of increasing the price of Model Y.
What Happened: Tesla’s stock rose following the announcement of a price hike for its Model Y cars, The price increase is expected to come into effect in April.
Cramer commented on the stock’s performance, stating “The stock is reacting positively. … It's just been the worst stock in the [S&P 500]. Totally understand. Not a fan of it, but not against it,” reported CNBC on Tuesday.
What Happened: Tesla’s stock rose following the announcement of a price hike for its Model Y cars, The price increase is expected to come into effect in April.
Cramer commented on the stock’s performance, stating “The stock is reacting positively. … It's just been the worst stock in the [S&P 500]. Totally understand. Not a fan of it, but not against it,” reported CNBC on Tuesday.