Jim Cramer: Buying Tesla (TSLA) Stock Only Because of Possible Trump Support is ‘Bad Reason’

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We recently published a list of Jim Cramer Is Talking About These 10 Stocks Heading Into December. In this article, we are going to take a look at where Tesla Inc (NASDAQ:TSLA) stands against other stocks Jim Cramer is talking about as heading into December.

Jim Cramer in a recent program talked about President-elect Donald Trump’s Treasury pick and highlighted his enthusiasm for the stock market.

“On the other hand, President Trump was all about Nielsen ratings when he was on The Apprentice, and as president, he repeatedly said, The Dow Jones Industrial Average all-time high, and the S&P 500 were his new Nielsen ratings. He likes being rated, he likes to win, and he wants that stock market to go up to ratify his performance. That’s a big reason why the market exploded higher when he won.”

Cramer also discussed Trump’s Treasury pick Scott Bessent’s possible 3-3-3 plan that calls for bringing the budget deficit down to 3% of GDP, 3% growth and producing 3 million barrels of oil per day.

Jim Cramer said he is skeptical about Elon Musk’s efficiency plans in the upcoming Trump administration.

“Can there be a legitimate top-to-bottom change in the efficiency of our government and its associated costs? Count me as a skeptic about any attempt to change the government, including Elon Musk and Vivek Ramaswamy’s Doge thing, because every penny of spending in the budget has a constituency. When you add all those proposed cutbacks together, you face tremendous opposition. But that’s not the point. What matters is that this Treasury Secretary-designate is a serious person.”

READ ALSO Jim Cramer’s Latest Lightning Round: 11 Stocks to Watch and Jim Cramer on AMD and Other Stocks

For this article we watched several latest programs of Jim Cramer and picked 10 stocks he is talking about. With each stock we have mentioned its hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

Jim Cramer: Buying Tesla (TSLA) Stock Only Because of Possible Trump Support is ‘Bad Reason’
Jim Cramer: Buying Tesla (TSLA) Stock Only Because of Possible Trump Support is ‘Bad Reason’

25 Most In Demand Cars Heading into 2024

Tesla Inc (NASDAQ:TSLA)

Number of Hedge Fund Investors: 99

Jim Cramer in a recent program made the case that investing in Tesla Inc (NASDAQ:TSLA) stock just because of Donald Trump’s possible support is a “bad reason” as he believes allowing EVs and related infrastructure all over the country won’t be simple for the upcoming government.