Elon Musk, Tesla Inc.'s (NASDAQ: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."
The amazing part is how reliably contra he is! Statistically impossible.
— Elon Musk (@elonmusk) July 11, 2024
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%.
- 'Biden Is Not Competent To Serve A Second Term And Kamala Harris Would Be A Disaster For America,' Says Nikki Haley As She Encourages Her Delegates To Back Trump
Image via Shutterstock
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari