SolarCity needs to wake up and face reality, especially after it horrendous first quarter, CNBC's Jim Cramer said Tuesday.
"This is a company that I regard in a first-class crisis that acts as if everything is fine," Cramer said on "Squawk on the Street" Tuesday. "You know I'm an aficionado of conference calls. You may have found the bottom. Yes, [this is] the worst conference call of 2016."
"This is one where the CEO starts [saying] bookings are great, but they came in a lot lower than expected, so they're not as great as we thought."
The company did not immediately respond to CNBC's request for comment.