Global  

Did Elon Musk Just Lose the Apple of His Eye? Cramer on Tesla's Latest Departure

Video Credit: The Street - Duration: 00:50s - Published
Did Elon Musk Just Lose the Apple of His Eye? Cramer on Tesla's Latest Departure

Did Elon Musk Just Lose the Apple of His Eye? Cramer on Tesla's Latest Departure

Jim Cramer has some thoughts on Apple's Chief Design Officer Jony Ive moving into a senior advisory role and how it compares to Tesla's Chief Technology Officer, J.B.

Straubel, moving into a senior advisory role.

Real Money Stock of the Day Tesla reported an adjusted loss in the period of $1.12 a share, below forecasts that predicted a loss of 40 cents.

Revenue in the quarter of $6.35 billion also came up shy of consensus.

And, of course, there was a bit of a surprise on the call, when Musk announced one of the founders of Tesla and Chief Technology Officer, would be moving to a senior advisor role.

This move is similar to Apple's Ive, who announced earlier this year that he would be moving to a senior advisory role.

Ive had joined Apple in its early days and worked closely with co-Founder and CEO Steve Jobs.

So, who wore it better?

"I think that the Apple announcement was much ado about a little something.

And [Straubel] leaving, I don't think it's a consequential role.

I think that they are making cars, they have their bold blueprint.

They have their China blueprint.

If they can get the cost down, then the world is their oyster," said Cramer.


You Might Like


Tweets about this


Related videos from verified sources

When to Invest in AMD [Video]

When to Invest in AMD

Apple wasn't the only company to report earnings after the bell on Tuesday, July 30. Real Money Stock of the Day AMD reported adjusted earnings in the quarter were 8 cents a share on revenue of..

Credit: The Street     Duration: 01:08Published
Jim Cramer on Beyond CEO Ethan Brown [Video]

Jim Cramer on Beyond CEO Ethan Brown

It's time to meet the "Elon Musk of meat." Well...at least a nicer Elon Musk. In his latest column on Real Money, Jim Cramer broke down the latest earnings report from Beyond Meat . While the..

Credit: The Street     Duration: 00:57Published
The Apple of Your Eye? Jim Cramer on Apple, the Fed and Beyond Meat [Video]

The Apple of Your Eye? Jim Cramer on Apple, the Fed and Beyond Meat

Happy Tuesday! Jim Cramer's weighing in on Real Money Stock of the Day Apple's earnings, the Fed and Beyond Meat's quarter. Ready for the Fed? You better be. You have until Wednesday at 2 pm E.T...

Credit: The Street     Duration: 11:17Published