Elon Musk, Tesla Inc.’s TSLA CEO, recently reemphasized his view of CNBC’s “Mad Money” host Jim Cramer as a “contraindication,” sparking interest and discussion among investors.
What Happened: On Thursday, Musk responded to a post featuring an old video of him calling Cramer a “contraindicator,” suggesting that the opposite of Cramer’s predictions is more likely to occur.
He replied, “The amazing part is how reliably contra he is! Statistically impossible.”
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Why It Matters: This comes after Cramer, on his show “Mad Money,” listed Tesla among eight companies he believes could achieve a trillion-dollar market capitalization. The prediction made many Tesla investors and the CEO himself wary about the future performance of the stock.
Investors and social media users often view a stock recommendation by Cramer as a “death kiss.”
Recently, Tesla rallied over 44% after Cramer said in June that he would buy General Motors‘ stock over the EV giant's. GM stock, on the other hand, fell nearly 4%.
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This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
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