Cramer says he'd rather own Tesla than GM right now — but this auto maker is his favorite

This photo shows Ford 2018 and 2019 F-150 trucks on the assembly line at the Ford Motor Company's Rouge Complex on September 27, 2018 in Dearborn, Michigan.
Jeff Kowalsky | AFP | Getty Images

CNBC's Jim Cramer said Friday he believes shares of Tesla have fallen enough from their all-time highs that buying the electric vehicle maker is now more attractive than General Motors.

Cramer's comments on "Squawk on the Street" were made in response to investment firm Wedbush initiating coverage of GM with an outperform rating, citing the Detroit auto maker's push into EVs. Shares of GM were up more than 3% Friday morning.

"I think it's a late call, and I like Tesla here," Cramer said. "I think it's come down enough; I'd rather be in Tesla."

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