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Tesla critic Jim Cramer turns into full-on bull: ‘TSLA has all the ingredients of a winner’
Tesla has a new convert as tough critic Jim Cramer of CNBC’s Mad Money turns from an agnostic skeptic to an outright bull on the electric carmaker’s stock (NASDAQ:TSLA). The Mad Money host declared that he is now a true believer in Tesla, which he classifies as a battleground stock.
“All my career I have been fascinated by companies with vociferous bulls and ferocious bears, if only because they can be so entertaining,” Cramer said.
For the uninitiated, battleground stocks are those that attract strong, polarizing opinions from different sides. “First, they are cultish, meaning that there are people who love the product, not the earnings and the product transcends simple analysis. You can’t put a price to earnings ratio on cool, on but you might buy cool and therefore want to buy the stock. That had been my stance for years on Tesla,” said Cramer.
Cramer shared a story of how his wife and daughter helped convinced him to believe in Tesla. About three months ago, his daughter drove a Model 3 from Oregon to San Francisco. Within 100 miles of the 600-mile trip, he was surprised to get a call from his daughter, who was raving about how it was nice being behind the wheel of the electric vehicle. His daughter told him to “buy one.”
On another occasion, Cramer was with his wife and they tried a Model X following an endorsement from another couple. He confessed that he adored the Falcon Wing doors and the quality of the drive. Cramer’s wife also convinced him to buy Tesla’s Solar Roof. The unveiling of the Tesla Cybertruck also caught the attention of Cramer. While he labeled the press conference as close to a disaster following the vehicle’s failed “Armor Glass” demo, the demand following the unveiling of the all-electric pickup truck stunned the TV personality.
The second issue, according to Cramer, about battleground stocks is their financials. “The really Verdun-like slugfests tend to have terrible balance sheets, ones that can’t be fixed by simple operating earnings and instead need genuine manna from heaven to cure themselves of the concerns,” Cramer said.
However, he consulted one of the most skeptical CFOs in the world, who said this about Tesla. “The company could raise two billion dollars in a heartbeat,” he said. Cramer took note of how even TSLA bears recognize that Tesla may have a breakout as soon as next year.
Lastly, the former hedge fund manager considered how battleground stocks tend to have charismatic leaders.
The Mad Money host weighed in how Tesla CEO Elon Musk fascinates him. “He’s a walking charisma machine, alternately entertaining and fun-loving and critical to the point of scathing, like someone else I know, yours truly. Sometimes I think he gives me a run for my money as the most sincerely insincere man in North America, other times he’s just a worldwide true believer,” he said.
Cramer dislikes Musk for tweeting like crazy and how the Tesla CEO taunted analysts, though he stated that he has since tempered down his stance. “All of that ended though when he agreed as part of some weirdo SEC ruling to stop the incendiary tweeting and, on the last conference call he revealed his true rigor without the sardonic quips. That made me realize that he will have no problem negotiating with either the Chinese government for his Gigafactory built in record time or the coming gargantuan German factory for that matter,” Cramer noted.
To end, the Mad Money host summarized his points, “So, cult product? Check. Balance sheet? Check. Leader? Check. If you’re going to invest in a battleground stock, TSLA has all the ingredients of a winner.”
As Cramer announced his conversion to a TSLA believer, others have corroborated his analysis. ARK Invest founder and CEO Catherine Wood foresees Tesla stock to at least double by 2024. “We have our ‘bear price,’ five-year target as $700. That would be if they lost two-thirds of market shares and had no autonomous vehicles,” she said in an interview.
Last month, Canadian businessman and Shark Tank judge Kevin O’Leary, who has also been critical of Tesla stock, also changed his stance and invested in the electric car maker after seeing a potential path to profitability.
TSLA stock has also been showing some strength following the positive reports from China hinting that the deliveries of Made-in-China Model 3 units are imminent. Interest in the Tesla Cybertruck has also remained strong weeks after its unveiling.
On Wednesday, Tesla shares closed at $352.70, gaining 1.11%.
Here’s the full video of the Mad Money segment where host Jim Cramer explained how he became a true believer in Tesla:
Disclosure: I have no ownership in shares of TSLA and have no plans to initiate any positions within 72 hours.
Investor's Corner
Tesla’s flying Roadster just revealed something bigger than the car
Analysts say the Roadster demo puts a Tesla and SpaceX merger back on the table.
The Roadster unveiling near Waco ended Thursday night, and by Friday morning much of the investor reaction had less to do with the car than with who owns the rocket technology inside it.
Wedbush analyst Dan Ives said the event “puts the Tesla/SpaceX relationship on the table in a tangible way,” pointing to the propulsion, pressure vessel and control hardware sitting on a Tesla product. Gene Munster of Deepwater Asset Management called the demo “a ridiculous display of engineering” with “no commercial value” beyond embarrassing traditional automakers, though he said it showed Musk wants the two companies together.
The more specific forecast came a day earlier from Barclays. Analyst Dan Levy told clients a deal could be announced before Tesla’s annual meeting, which must happen by December 6, and that an announcement in late October or early November could make shareholder approval harder. Barclays expects SpaceX to be the buyer in an all stock deal, with Tesla holders receiving SpaceX shares at a premium, based on market values of roughly $2.1 trillion for SpaceX and $1.5 trillion for Tesla. If nothing lands around the meeting, the bank still sees an announcement within 6 to 12 months.
The Roadster demo just added more weight to merger speculations. Tesla’s demo used cold gas thrusters and pressure tanks of the kind SpaceX uses on Falcon 9, and Musk described the car as a collaboration between Tesla and SpaceX engineers, as we mentioned in our breakdown of the three Roadster configurations.
Musk has not publicly addressed a deal since the event, as far as we have seen. His most direct answer remains the one he gave at the All In Summit, when he said that with so much collaboration, “who can imagine what action one might take” without ruling anything out. Ives has held to a 2027 timeline since his March note, and Musk pushed back on the China piece of the speculation when ARK floated a year end announcement in August.
The next test is Tesla’s third quarter earnings call on October 21. However, we recall in July that Musk told analysts, “we can’t talk about combining companies and that kind of thing on an earnings call,” so a clear answer wouldn’t be expected.
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How Tesla’s Roadster fan system and thrusters are built to dominate the corners
Tesla’s Roadster uses fans, active wings and cold gas thrusters to create grip at any speed.
Tesla’s new Roadster is best known for flipping through the air in Texas, but the technology that matters most for a race track is the stuff that keeps it on the ground. Tesla’s Roadster page describes a multi-mode fan and ground sealing system that acts as a downforce generator, pulling air out from beneath the car. Tesla says it provides enough suction to hold the vehicle upside down, even when stationary.
That is the key difference from the wings and diffusers on a normal supercar. Conventional aero only makes downforce when the car is moving, and it grows with speed, so a car has the least grip in the slow corners and under hard braking. A fan system makes downforce at any speed. Tesla’s patent, which we covered last year, describes fans and deployable skirts that create sealed or partially sealed regions under the car, with the fans extracting air to lower the pressure and increase grip and stability.
Still processing this … the most unreal thing I’ve seen. https://t.co/HtEuvnkZjY
— TESLARATI (@Teslarati) October 16, 2026
Tesla pairs that with active wings, a next generation steer by wire system and a Track Mode that lowers the car and changes the suspension, with high downforce and low drag settings for the circuit. To keep weight down, Tesla points to magnesium, titanium and carbon fiber, manual controls and a fixed seat position, which it says lets the car respond to driver inputs almost instantly.
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
The cold gas thrusters are the other half. On the Thrust version they sit at the rear and Tesla says they take the car from 0 to 60 mph in under 0.9 seconds, while the Rocket version adds perimeter thrusters for forward, upward and lateral rotational movement. Tesla says the all electric actuators make micro adjustments within a fraction of a second.
Roadster transforms in Track Mode
These aero features aren’t just for looks: they provide the best passive downforce package of any road car (approaching F1 levels!) with wing actuation driven by the @Tesla_Optimus actuator system https://t.co/AqrC4qUga9
— Tesla (@Tesla) October 16, 2026
Musk has been talking about records for years. In June 2019 he said, “We’re going to do things with the new Roadster that are kind of unfair to other cars.” That September, when a follower asked whether the Roadster would beat the Nürburgring production car record, he replied with one word, “Absolutely,” as we reported at the time. In February 2024 he said Tesla had “radically increased the design goals” for the car and that its sub one second 0 to 60 time would be “the least interesting part.”
There are caveats. Tesla has not published a lap time or a verified cornering figure, so the record talk is still a promise rather than a result. Tesla also says the car is not approved for public road use, and the thruster features are limited to the Rocket trim, which is invite only. Fan cars have also been banned or withdrawn before, and getting a sealed underbody to work on a rough public road is a harder problem than on a smooth track. The first real test will be an official lap at a circuit.
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Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
Tesla’s Roadster comes in Performance, Thrust and Rocket versions, with a claimed 0-60 under 0.59 seconds.
Tesla finally showed the next generation Roadster on Thursday night, and the demo had more in common with a SpaceX test than a track lap. At an event outside Waco, Texas, near SpaceX’s McGregor site, the car used a mix of fans and cold gas thrusters to drive up a curved ramp until it was upside down, then flew off, flipped and landed on the pavement. “Well, it worked,” Elon Musk said. “Flying cars are real.”
The Roadster also hovered itself over a Cybercab, Cybertruck, Tesla Semi, Model Y and Model 3 while moving, and that Tesla showed it going 0 to 60 mph in one second. Musk said “this will be the actual car that’s on the roads” and that it “literally is just going to puff itself up” to perform the maneuvers whenever an owner wants. He called the result a collaboration between Tesla and SpaceX engineers that is “better than any James Bond car,” with Franz von Holzhausen and Lars Moravy on site.
Tesla published new mind-blowing stats for the car that replace the previous targets. The Performance version is road ready and seats two, with active aerodynamics and a multi-mode suction system, and Tesla lists 0 to 60 mph in under 1.6 seconds. The Thrust version is race ready, also seats two, and adds rear-mounted cold gas thrusters for a 0 to 60 time of under 0.9 seconds. The Rocket version is described as air ready, seats one, and uses perimeter-mounted thrusters for forward and upward acceleration plus lateral rotational movement.
| Configuration | Seats | 0 to 60 mph |
|---|---|---|
| Performance | 2 | under 1.6 s |
| Thrust | 2 | under 0.9 s |
| Rocket | 1 | under 0.59 s |
Tesla’s own description: “So…yes, it can fly.” It lists a 0 to 60 time of under 0.59 seconds for Rocket, a top speed of up to more than 230 mph, and range of more than 300 miles. Tesla has not yet given pricing in the information we have seen, but has reopened $50,000 reservations in the newly updated Tesla Roadster configurator. Production is planned for Giga Texas in 2027 or 2028, and Musk has said it would follow the demo by 12 to 18 months.
Every car on the road today is limited by one thing: tire grip
Roadster’s thruster system generates 4–5x the force the tires can.
More force on the same mass means significantly better acceleration – physics does the rest https://t.co/zdPRT2aKwZ
— Tesla (@Tesla) October 16, 2026
Tesla’s Roadster page adds more on how the car works. A multi-mode fan and ground sealing system pulls air from under the car, producing enough suction to hold it upside down even when stationary. Active wings, steer-by-wire with a yoke, and a Track Mode that lowers the car round out the driving setup. The cold gas thrusters use all-electric actuators for micro adjustments to stabilize the car in flight. Tesla says it cut weight with magnesium, titanium and carbon fiber, manual controls and a fixed seat position, and the exterior has hidden headlights, a full-length taillight and Ano White paint inspired by aerospace coatings. Inside are an Ultrawhite interior with gray microsuede, a center touchscreen and two smaller forward displays, and gold tinted glass modeled on spacesuit visors. Availability is tiered: Performance is by reservation, Thrust is a limited release, and Rocket is invite only. Tesla notes the car is not approved for public road use, and that Rocket is not available in all regions.
Tesla Roadster Highlights
- Aero and suction: a multi-mode fan and ground sealing system pulls air from under the car and can hold it upside down even when stationary. There are also active wings and a Track Mode that lowers the car.
- Controls and thrusters: steer-by-wire with a yoke. The cold gas thrusters use all-electric actuators for micro adjustments that stabilize the car in flight.
- Weight: magnesium, titanium and carbon fiber, manual controls and a fixed seat position.
- Design: hidden headlights, a full-length taillight, Ano White paint inspired by aerospace coatings, and gold tinted glass modeled on spacesuit visors.
- Interior: an Ultrawhite interior with gray microsuede, a center touchscreen and two smaller forward displays.
- Availability: Performance is by reservation, Thrust is a limited release, and Rocket is invite only.
- Road use: Tesla notes the car is not approved for public road use, and that Rocket isn’t available in all regions.
Musk has described the Roadster as “the best of the last of the human-driven cars,” and he has been open that it is a halo product. He said he is “not sure it moves the needle massively from a revenue standpoint,” and has warned that anyone whose top priority is safety should not buy it. Tesla reports third quarter earnings on October 21.
Roadster is a true pilot’s car: active aerodynamics, a multi-mode suction system & cold-gas thrusters
Exterior
– Concealed headlights, full-length taillight & flush-mounted surfaces for a minimalist, highly technical form– Super light wheels w/ thin spokes that reinforce structural strength when earthbound
– Ano White paint brings an aerospace-derived finish w/ UV & cryogenic protection, electrostatic dissipation & corrosion resistance
– Gold Glazed tinted glass mimicking the copper coating of spacesuit visors, w/ subtle titanium accents
— Tesla (@Tesla) October 16, 2026
Tesla’s flying Roadster just revealed something bigger than the car
How Tesla’s Roadster fan system and thrusters are built to dominate the corners
Tesla Roadster: Three configs, one can fly, 0-60 in 0.8 seconds
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