Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Shares of Tesla Motors Inc (NASDAQ: TSLA) were trading up 6 percent on Thursday, after the company reported its fourth quarter results on Wednesday.
- While the electric vehicle maker missed consensus for earnings and revenue, investors were thrilled about a better-than-expected delivery guidance and a Gigafactory update.
- Jim Cramer seems to disagree with the masses. On CNBC's "Stop Trading" segment, he said that he found the fact that Tesla was one of Thursday’s largest gainers hilarious.
Related Link: Tesla Smashes Unit Delivery Expectations For Q1, Full Year; Stock Spikes 14%
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Cramer noted, "I think it's hilarious, because there are people who are telling me they're losing a fortune per car. There are people who are telling me that they're going to have a great 2016. There are people who are telling me that he's never been more bullish, that gross margins are improving. And there are people telling me it's going to run out of money."
"All I can say is there's something for everyone in Tesla," Cramer said.
"It's a cold stock, opening a lot of stores," he concluded. "But it is up, and that could be because it's been down so much, or it could be because Elon Musk just said, 'listen, this is our year.' And he is so hated, and he is so loved, it's hard to get your arms around it."
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.