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CNBC’s Jim Cramer praises Elon Musk for making Teslas exciting

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CNBC’s Jim Cramer extended high praise to Elon Musk on Monday, calling the Tesla CEO “the new face of an auto executive” and extolling the enjoyment of riding in one of the company’s electric vehicles.

“Your car becomes an exciting, an exciting place to be,” Cramer said on “Squawk on the Street,” just after Monday’s open on Wall Street, which saw Tesla shares soaring more than 5% to above $500 each for the first time.

The stock is continuing its torrent start to the year — up more than 20% already in 2020 and up more than 100% since late September — behind a ground swell of optimism around the company’s entrance into the Chinese market.

Reflecting that outlook, Oppenheimer on Monday…



Source cnbc.com

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