Tesla is currently evolving from being perceived solely as an automotive manufacturer to a powerhouse in technology. Analyst Jim Cramer points out that the company's diverse divisions—such as Energy, Solar, Charging, AI, and Robotics—show that it has not been merely an automaker for some time. Cramer believes the technological aspects of Tesla hold much higher potential value than its current market price suggests. He emphasizes that investors should focus on its future trajectory rather than past investments. Additionally, Elon Musk's recent statements reflect this shift in recognition towards Tesla as a significant tech entity.
Jim Cramer stated, "Tesla is morphing right now. It's in transition from being a car company to being a technology company. You wanna be in there because the tech is worth a lot more than what it's selling for right now..."
Tesla is not just an automaker; it has significant divisions including Energy, Solar, Charging, AI, and Robotics. These have always been part of Tesla's identity.
Cramer's bullish tone emphasizes Tesla's evolution into a tech powerhouse, which is expected to be recognized more prominently than its automotive roots.
Musk’s recent comments note a shift in perception of Tesla, indicating it will become more known as an AI and tech company rather than just as a car manufacturer.
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