Jim Cramer Says GM, Ford Shares Would 'Double' If They Turned In Numbers Like Tesla: 'It's An Amazing Company, Just Own It'

Tesla Inc TSLA shares are backing up Monday despite turning in delivery numbers that were largely in line with estimates. Jim Cramer suggested that the bar for Tesla is set much higher than it is for competitors like General Motors Co GM and Ford Motor Co F. 

"If they were GM putting out these numbers or Ford, we would double those stocks. It's a very impressive series of numbers," Cramer said Monday on CNBC's "Squawk On The Street."

What To Know: Tesla produced 440,808 vehicles in the first quarter and delivered 422,875 vehicles. The production numbers topped most analyst forecasts, while the delivery numbers came in slightly behind. Overall, the sentiment from analysts was that they need to see margins before making any significant changes.

Related Link: Tesla Disappoints Analysts, Attention Shifts To Margins As EV Maker 'Undermines' Profitability

Why It Matters: Cramer noted that he too needed to see margins before making a call on whether or not Tesla shares should be trading higher right now, but that didn't stop him from applauding the numbers and, frankly, praising the EV maker. 

"There's no advertising, they sell themselves ... it's an amazing company, just own it. I really think it's amazing. Don't trade it on these quarterly figures, just own the fact that demand is amazing," Cramer said.

He acknowledged that the Elon Musk-led company has competitors in China, but Tesla is the "gold standard" globally, and it's made right here in the U.S., he said. There are also some EV startups that make very attractive vehicles, but why do consumers need other options when they can choose Tesla, he said. 

"It's very impressive. I know [Ford CEO] Jim Farley is a competitive guy, but he wants these kinds of numbers, [GM CEO] Mary Barra wants these kinds of numbers," Cramer said. 

See Also: If You Invested $1,000 In Tesla Stock When Elon Musk Was Sued By The SEC In 2018, Here's How Much You'd Have Now

TSLA Price Action: Tesla has a 52-week high of $384.15 and a 52-week low of $101.81. 

Tesla shares were down 6.12% to close at $194.77 on Monday at time of publication, according to Benzinga Pro.

Photo: courtesy of Tesla & Owen Byrne from Flickr.