Tesla reported awful results for the second quarter and the stock unsurprisingly dropped about 15%. Shortly after CNBC's bombastic Jim Cramer said it is a time to buy. I won't bore readers with details, but I'm in the camp that this stock is still over-valued. Jim's has made many good and bad calls over the years. I agree with the first comment on this post:
The "Reverse Cramer" advises investors to do the opposite of whatever he recommends.
For future reference the stock was at $222 when Cramer made this call.
Related: The buyers of Teslas tend to be relatively affluent liberals. I wonder how many of them want to buy from a company whose CEO has endorsed and pledged millions for Trump.
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