Is Bill Gates Missing the Big Picture?

Bill Gates calls it: "The most transformative technology any of us will see in our lifetimes." Eric Fry agrees, saying it's far more advanced than anything today... including AI. But he also warns it could send millions of Americans into poverty.

Jim Cramer Works 'Sunday Brainstorm' On Buying Palantir And Tesla Stock, Calls Them 'Protective Intellectual Blankets'

Kaustubh Bagalkote
January 05, 2025

Jim Cramer indicated potential interest in Tesla Inc. (NASDAQ:TSLA) and Palantir Technologies Inc. (NYSE:PLTR) on Sunday, citing their “protective intellectual blankets” as key attractors for his investing club portfolio.

What Happened: “Working on a Sunday brainstorm about buying Palantir and Tesla,” CNBC’s Cramer wrote on X.

The interest comes as Tesla faces scrutiny over its fourth-quarter deliveries falling short of analyst expectations. The electric vehicle maker’s stock closed Friday at $410.44, up 8.22%, despite recent delivery challenges that prompted mixed analyst reactions.

Canaccord Genuity analyst George Gianarikas maintained his bullish stance on Tesla, raising his price target to $404 while highlighting “a generational set of growth opportunities” in EVs, autonomy/AI, energy storage, and robotics.

See Also: Sanders Backs Trump’s Credit Cap, Carter’s Passing, Trump’s Response To NOLA Attack And More: This Week In Politics

However, GLJ Research analyst Gordon Johnson struck a more cautionary tone, predicting “stormy weather” ahead. Johnson pointed to Tesla’s production of 459,445 vehicles in the fourth quarter of 2024, representing just 78.2% of stated capacity, suggesting potential demand concerns.

Why It Matters: Palantir, riding the AI wave, has seen its stock surge nearly 400% over the past year. The data analytics company closed Friday at $79.89, though Cathie Wood‘s Ark Invest recently reduced its position, selling 20,332 shares worth approximately $1.6 million.

Tesla’s market position remains strong with a $1.33 trillion market cap, despite concerns about average selling prices facing downward pressure. Truist analyst William Stein maintained a Hold rating while lowering the price target to $351, citing expectations of continued pricing pressure to stimulate demand.

Read Next:

  • Elon Musk ‘Likes To Talk Big Numbers’ But His Growth Target For Tesla Is Not ‘Realistic,’ Says Analyst

Image Via Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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