TECH - 'He Floats Like A Butterfly': Jim Cramer Compares Elon Musk To Muhammad Ali Explains Recent Rally In Tesla Stock | Benzinga
Even when Tesla is down, you can’t count the company out, according to Jim Cramer, who suggested Monday that CEO Elon Musk is to business what legendary heavyweight Muhammad Ali is to boxing.
Round 1: Monday on CNBC’s “Squawk On The Street,” Cramer suggested that you don’t want to bet against Musk, even when it looks like he’s up against the ropes.
“He floats like a butterfly,” Cramer said, comparing Musk to Ali. “And you know how he stings?”
Tesla stock had been down more than 30% year to date before racing higher on nine consecutive green days and turning positive for the year.
The turnaround started on the company’s last earnings call. Although Tesla missed analyst estimates, Musk reiterated his vision for the future around AI, Full Self-Driving and robotaxis, which sparked a rally in the EV stock.
Round 2: Tesla shares had been stuck in a trading range ...