Autos

Cramer says Ford, GM shares are picking up momentum as Tesla slips

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CNBC’s Jim Cramer on Monday made the case for owning stock in two traditional automakers over riskier, younger competitors as the economy enters expansion mode and investors look to the electric vehicle trade.

In the current market environment where high-growth names are losing momentum from last year’s ride, Cramer recommended holding shares in Ford and General Motors over the likes of Tesla and other picks run up by the EV SPAC craze.

“If you want to bet on electric vehicles with much less risk, I say buy some Ford or General Motors,” the “Mad Money” host said. “Despite their internal combustion engine bones, they’ve got meaningful exposure and, just as important, they fit the current…



Source cnbc.com

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