Jim Cramer On Tesla's Conference Call: 'Hilarious' And 'One For The Books'

For starters, Cramer noted that Tesla's earnings report was highlighted by a large negative free cash flow, declining gross margins, an outgoing chief financial officer and $16 billion in debt. Yet the first question posed to management during the Q&A session was from Morgan Stanley's Adam Jonas who asked about Tesla's involvement in colonizing the planet Mars.

'A Lot Of Guts'

Moving on, Cramer argued that Tesla's CEO Elon Musk demonstrated "a lot of guts" in the conference call. For example, the executive showed no fear in touting how his company offers its workers a superior working condition versus the UAW auto union that is trying to force Tesla's employees to unionize.

Related Link: Tim Cook Was Disrespected During Apple's Conference Call: Jim Cramer Image Credit: By Tulane Public Relations (Mad Money Uploaded by AlbertHerring) [CC BY 2.0], via Wikimedia Commons

In fact, Musk pointed out that Tesla's injury rate is less than half of the industry average and employees with four years of experience at Tesla are making more money today than they would at any unionized factory.

What about government subsidies? Cramer suggested that Musk mocked his rivals such as General Motors Company GM who need financial assistance from the government.

"This [conference call] was one for the books," Cramer said. "May I suggest people read this conference call to see what a guy is doing to be able to say 'I want your money, 500,000 cars are coming, stop asking me silly questions, I'm a bigger thinker than you are [...] I'll see you on Mars."