Tesla Tech Is Worth 'A Lot More,' Jim Cramer Says: As For Accenture? 'What The Heck...'

Benzinga
2025.08.05 11:43
portai
I'm PortAI, I can summarize articles.

Jim Cramer on CNBC's "Mad Money" recommended buying Tesla, stating its tech is undervalued as it transitions from a car to a tech company. He expressed skepticism about Accenture's performance, awaiting clarity on its issues, while HSBC initiated coverage with a Reduce rating. Cramer also endorsed Snowflake, anticipating strong earnings, and commented on Ford's better-than-expected revenue. Tesla shares rose 2.2%, Accenture 1.3%, Ford 1.2%, and Snowflake 1.7% on Monday.

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Tesla TSLA. “It's in transition from being a car company to being a technology company, and you want to be in there because the tech is worth a lot more than what it's selling for right now,” he added.

Tesla announced in a filing that the company approved an award of 96 million shares of restricted stock to Musk under the company’s 2019 Equity Incentive Plan. The board approved the payment plan on Sunday.

When asked about Accenture ACN, he said, “I can't believe how poorly it's doing. I'm not going to get behind it until we find out what the heck is really going on there.”

HSBC analyst Phani Kanumuri, on July 28, initiated coverage on Accenture with a Reduce rating and announced a price target of $240.

Cramer said he likes Snowflake Inc. SNOW and recommended buying more of the stock.

Snowflake will release its financial results for the second quarter of fiscal year 2026 when markets close on Aug. 27. Analysts expect the company to report quarterly earnings at 27 cents per share. That’s up from 18 cents per share in the year-ago period.

Trending Investment Opportunities

“If they don't get that warranty stuff down, it is just too tough to recommend,” Cramer said when asked about Ford Motor Company F.

Ford, on July 30, reported second-quarter revenue of $46.94 billion. It beat the consensus estimate of $42.77 billion, according to Benzinga Pro. The Detroit-based automaker reported second-quarter adjusted earnings of 37 cents per share, beating estimates of 31 cents per share.

Price Action:

  • Tesla shares gained 2.2% to settle at $309.26 on Monday.
  • Accenture shares rose 1.3% to close at $258.78.
  • Ford shares rose 1.2% to settle at $10.95 on Monday.
  • Snowflake shares rose 1.7% to settle at $208.48.
  • Top 2 Financial Stocks That May Collapse This Month

Image: Shutterstock

Source: Benzinga The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.