Jim Cramer On Tesla's Q3 Earnings: 'Flawless Execution'

Jim Cramer on CNBC's "Squawk On The Street" talked about Tesla, Inc.'s TSLA third-quarter earnings results.

"I thought this was a really fantastic quarter," said Cramer. Tesla reported earnings per share results of 76 cents, which blew away the analyst estimates of 56 cents. Sales of $8.77 billion beat estimates of $8.26 billion.

Amid the strong earnings beat, Cramer believes Tesla showed "Flawless execution," and "deserves to sell exactly where it's selling."

Cramer believes "credits or no credits, [CEO Elon Musk] is gonna make the cars cheaper."

Tesla's stock was trading up 4.30% at $440.83 per share on Thursday at the time of publication. The company has a 52-week high of $502.49 and a 52-week low of $57.84.