“Tesla is actually a phenomenon we have to talk about,” Cramer said on “Squawk on the Street,” before the opening bell on Wall Street. “I’ve actually never seen a stock go up endlessly on nothing.”
Shares of Tesla were up about 2% in premarket trading at the time of Cramer’s remarks.
The stock picked up steam during regular trading, closing up 8.5% at $1,208.59 per share for a market value of $1.2 trillion. Tesla shares notched a new all-time intraday high of $1,209.75 apiece during the session.
Tesla has soared in recent weeks…