Cramer: Tesla ‘is a phenomenon’

Cramer: Musk's Tesla 'a phenomenon'

CNBC's Jim Cramer is in awe with the demand for Tesla Motors' Model 3.

"This is a phenomenon, and I find that the phenomenon seems to cross all bounds," Cramer said Monday on "Squawk on the Street."

Elon Musk's company unveiled the Model 3, a $35,000 car, on Friday. Preorders for the electric vehicle totaled about 276,000 by the end of Saturday, Musk tweeted on Sunday.

Musk tweet

Tesla may need cash to deliver on the Model 3: Analysts

"This is becoming integrated into society. So many younger people want either Uber or Tesla," Cramer said. "Let's say you're on Interstate 95, and you stop at a gas station. There they are: your Tesla chargers."

Tesla shares were up over 3 percent on Monday and have gained 7 percent since Friday.

Disclosure: Cramer's trust did not own Tesla stock when this article was published.