A Tesla Model S is displayed during the London Motor and Tech Show at ExCel on May 16, 2019 in London, England.
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The “Mad Money” host on Wednesday exclaimed “I’m a true believer in Tesla,” breaking down his metamorphosis on the electric-car company he classifies as a “battleground stock.”
“All my career I have been fascinated by companies with vociferous bulls and ferocious bears, if only because they can be so entertaining,” he said. “Three things distinguish these stocks from regular run-of-the-mill equities.”
Cult-like followings, complicated financials and charismatic leaders make up three main characteristics of a battleground stock, Cramer said. Each of these qualities played a key role in the host’s conversion into a Tesla fan.
Cramer became a Tesla supporter with the help of lobbying by his wife, Lisa, and daughter. Last month,…