Tesla Inc(NASDAQ: TSLA) shares are pushing the accelerator to the floor after the electric vehicle company announced higher figures than investors had hoped
Jim Cramer applauded the results but did it suffice to convince the long-time Ford Motor Co(NYSE F) fanatics to vote in favor of this Elon Musk-led company
What You Need to Learn: Cramer said he's amazed by Tesla's capacity to keep up with issues
"Unlike Tesla, Ford's got more than 3.3% yield, and a myriad in new vehicles that's largely sold out including electrics," Cramer said.
He admitted that Ford isn't as flashy or has that "pizazz" as Tesla; however, maybe it's good, He said
Rather than growth in the past it is an industry that is concerned about the value of its products and their future
Mad Money" host reduced the Ford position to fund his charitable trust near the highs and is waiting for the right moment to purchase the shares.