Jim Cramer Advises Viewers On Bank of America, Wells Fargo, Airlines And Tesla

CNBC Mad Money's Jim Cramer said on the show that Bank of America Corp BAC is cheap. He also thinks that Wells Fargo & Co WFC is a great stock. He believes that it won't have big losses from defaults in the crude oil space.

The airline stocks are too cheap at the moment, thinks Cramer. He likes Delta Air Lines, Inc. DAL, American Airlines Group Inc AAL and Southwest Airlines Co LUV.

Cramer believes that Tesla Motors Inc TSLA is a cult stock and people are going to buy it and it is not important for them if the company makes money. He added that they don't care about its valuation either.