Jim Cramer turns bullish on Tesla — ‘I’m a true believer’

CNBC’s Jim Cramer has made a u-turn on Tesla from an “agnostic skeptic” to an “outright bull” on the stock.

The “Mad Money” host on Wednesday exclaimed “I’m a true believer in Tesla,” breaking down his metamorphosis on the electric-car company 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,” he said. “Three things distinguish these stocks from regular run-of-the-mill equities.”

Cult-like followings, complicated financials and charismatic leaders make up three main characteristics of a battleground stock, Cramer said. Each of these qualities played a key role in…