Jim Cramer Likes Ford, Tesla, General Motors (In That Order)

Jim Cramer featured General Motors Company GM on his "Mad Dash" stock segment Friday on CNBC's "Squawk On The Street."

What Happened: Wedbush Securities analyst Daniel Ives initiated coverage on General Motors with an Outperform rating and announced a price target of $85.

The Wedbush Securities analyst believes that General Motors will be viewed as a "disruptive technology and EV play," instead of being valued as a traditional automaker.

General Motors has the potential to trade at a valuation similar to Tesla Inc TSLA, according to Wedbush Securities. 

Related Link: GM Has Potential To Trade At Multiples Similar To Tesla, Wedbush Says As It Initiates Coverage With 'Outperform' Rating

Cramer's Take: "I think it's a late call," Cramer said, adding that he actually prefers Tesla over General Motors at current prices.

Cramer told CNBC that Ford Motor Company F remains his No.1 pick. The company's vehicles are "almost impossible to get," he said. 

Aside from Ford, Tesla stock has come down enough that it's a better buy than General Motors right now, Cramer concluded. 

Price Action: General Motors is up 40.66% year-to-date. Tesla is down 7.58% year-to-date. Ford is up 64.59% year-to-date.

At last check Friday, General Motors was up 3.66% at $58.11, Tesla was down 0.22% at $651.37 and Ford was up 2.17% at $14.37.

Photo: Courtesy of General Motors