Cramer says Tesla is a phenomenon that seems to ‘go up endlessly on nothing’


CNBC’s Jim Cramer expressed wonderment Monday at the continued strength in Tesla‘s stock — up about 50% in the past month and roughly 200% in the past 12 months.

“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…


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