CNBC guru Jim Cramer’s reluctance to recommend Tesla (TSLA) stock despite its beaten-down valuation reflects growing investor frustration with CEO Elon Musk’s political entanglements overshadowing the company’s technological innovations. The “Mad Money” host criticized Musk’s focus on “politics instead of humanoids,” highlighting how political distractions are derailing Tesla’s core mission.
Tesla stock has faced selling pressure following Musk’s announcement that he was forming the “America Party,” a new political venture targeting select Senate and House of Representatives races. TSLA stock plummeted nearly 7% in a single trading session earlier this month, erasing over $68 billion in market value as investors expressed concern about Musk’s divided attention during a crucial period for the electric vehicle company.
