Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Melanie Schaffer

Is Tesla The New Ford? How To Trade The Reaction To Elon Musk Opening Giga Berlin

Tesla, Inc (NASDAQ:TSLA) shot up over 8% on Tuesday, after Elon Musk cut the ribbon at Giga Berlin, the EV maker’s first manufacturing plant outside the U.S. and China.

On CNBC's "Squawk On The Street," Jim Cramer said he believes Tesla will lead the overall market higher and likened Tesla’s dominance in the EV market to that of Ford Motor Co (NYSE:F) when it commanded the automobile market in the early 20th century.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.