Tesla Under Pressure After JP Morgan's Bearish Note
Jim Cramer has raised concerns over Tesla (TSLA) following a bearish note from JP Morgan, as shared by Cramer on social media and reported by Benzinga. The note, which reflects what analysts described as 'collapsed' financial expectations, may trigger negative sentiment around the stock. Cramer commented, “Bold …Must mean people are going to sell this one to buy SpaceX,” referencing speculation that investor focus might rotate toward a potential SpaceX IPO.
The report notes that Tesla’s Q1 worldwide deliveries were over 358,000 vehicles, which fell short of market expectations. Energy storage deployments also declined. According to Benzinga Edge Rankings, TSLA is rated poorly for momentum and growth trends over multiple periods.
What Traders Should Watch with TSLA
- TSLA sentiment: Monitor for continued selling in Tesla on the back of JP Morgan's note and any speculation involving SpaceX.
- SpaceX IPO talk: Any credible SpaceX public listing news could impact the narrative for Tesla and related Musk holdings.
Cramer on The Trade Desk: Willing to "Bless The Trade" at $22
Cramer addressed The Trade Desk (TTD) on a recent call-in segment, as reported by Yahoo Finance. When asked about opportunity in the stock, Cramer replied: "Okay, so they do have real competition, and the competition is Amazon. And I know, I think it’s very interesting that you talked about the insider buying, but you gotta see a couple of quarters that have something going for it. If you want to take a shot at it at $22, I’m willing to bless that, though. $22 is very low."
Cramer’s comments were made in the context of discussing both the competitive pressure from Amazon and recent company uncertainty, but he ultimately said he supports taking a position at that price. His remarks on The Trade Desk came alongside other names in a broader review of market calls.
The Amazon Competition Angle
Cramer specifically named Amazon as a key competitor for The Trade Desk (TTD) but did not elaborate on the details of this competition. He noted the interest in insider buying at TTD and advised that investors should watch for consistent performance over coming quarters before making a substantial investment.
What Traders Should Monitor
- TTD at $22: Cramer’s price threshold serves as a reference for potential value-oriented entries, pending further company execution.
- Amazon ad business: Any new developments from Amazon's ads team may impact sentiment around TTD.
Outlook
Both Tesla and The Trade Desk are under scrutiny for different reasons this week. For TSLA, bearish analyst sentiment and missed expectations have raised the risk of further selling, particularly against the backdrop of speculation about other Musk ventures like SpaceX. For TTD, Cramer’s tactical 'blessing' at $22 is a cautious signal, especially as competitive pressure from Amazon remains a factor.
Stocks365 Take
Keep a close watch on how TSLA responds to continued negative sentiment from Wall Street, especially following high-profile analyst notes. Cramer’s willingness to 'bless' TTD at $22 is a pragmatic view for traders looking for rebound opportunities, but patience and selectivity remain warranted given ongoing competition and operational uncertainty.
