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Benzinga
Benzinga
Business
Adam Eckert

'Tesla Is Just Way Ahead': Why Jim Cramer Says UBS Upgrade Of The Elon Musk-Led Company Is 'Extraordinary'

Jim Cramer on Thursday applauded a bullish analyst call on Tesla Inc (NASDAQ:TSLA) from UBS, suggesting the electric vehicle manufacturer is years ahead of its competition.

What Happened: UBS analyst Patrick Hummel upgraded Tesla from Neutral to Buy and announced a $1,100 price target, citing increased production at the Gigi Shanghai factory, record backlogs, margin momentum and a structural competitive edge in the supply chain. 

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