Jim Cramer Advises Viewers On Virgin America, Ferrari And Tesla

Jim Cramer said on CNBC's Mad Money that he would take profits in Virgin America Inc VA after the merger with Alaska Air Group, Inc. ALK. He added that the merger was a good deal.

A viewer asked Cramer if he should sell Ferrari N.V. RACE and buy Tesla Motors Inc TSLA. Cramer would wait for a pull back in Tesla because he is uncomfortable buying the stock after a recent move higher.