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Cramer: Elon Musk getting away with financial murder

Jim Cramer thinks sometimes stocks simply come down to supply and demand. When there is too much demand, a CEO can say anything and get away with financial murder. And when there isn't enough demand, nobody likes the CEO, no matter what is said.

That is exactly what Cramer sees occurring with Tesla, Apple and Fitbit.

Tesla CEO Elon Musk seems to think he can say whatever he wants and get away with it. Meanwhile, Apple CEO Tim Cook has to watch every word out of his mouth, even though he repeatedly delivers on his promises. And Fitbit CEO James Park seems to think guidance is for idiots, Cramer said.

"During any given earnings season we have executives who really push the envelope and do things that are totally outrageous. But we have never seen the likes of Elon Musk in our lives," the "Mad Money" host said.





Elon Musk, CEO of Tesla
Justin Chin | Bloomberg | Getty Images
Elon Musk, CEO of Tesla
"His transparency is shameless." -Jim Cramer

Musk delivered a quarter that was in-line. Analysts expected 19,000 cars to be delivered for the quarter, and Musk delivered just 17,000. Musk now projects that Tesla will make 500,000 cars by 2018 and 1 million by 2020.

"His transparency is shameless," Cramer said.

It was clear to Cramer that Musk is using the forecast to both raise money on Wall Street and get people to send Tesla deposits for new orders.

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If anything, Cramer thinks Musk should raise all the money he can to ensure Donald Trump is defeated, because without government subsidies, he says, "Tesla is a goner."

The most amazing part is that Musk gets away with it, simply because of demand.

The polar opposite, in Cramer's perspective, is Cook at Apple. Cook forecast almost perfectly for the most recent quarter reported. And for Apple's guidance, Cramer says Cook did what he had to do to reset growth expectations for the current quarter.

As for Fitbit, Cramer was not happy with the results delivered from the CEO.

"James Park should be banned from making any projections. His stock would be a heck of a lot higher if he were," Cramer said.

While many headlines touted that Fitbit had a shortfall, Cramer says that was wrong. The quarter was actually better than expected. The guidance however, was just as strange as the previous quarter, where Park slashed projections dramatically and then beat those numbers on Wednesday.

"I think these numbers mean nothing to him. I mean, he cut the guidance for next quarter but then boosted the full-year forecast. My advice: just make the product and shut up," Cramer said.

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