Netflix, Inc. (NASDAQ:NFLX) and Tesla Motors Inc (NASDAQ:TSLA) are among the hot favorite stocks on the Street right now, so it’s no surprise that Jim Cramer likes them. Though both belong to different industries, there is one common thing between them: both companies are revolutionizing the industry they are in. Whereas Netflix, Inc. (NASDAQ:NFLX) transformed itself from a DVD rental company to an original content streaming service, Tesla Motors Inc (NASDAQ:TSLA) changed the way the world perceived electric cars. Cramer was seen recommending both the stocks on CNBC recently and elaborating how they make a decent buy even at current levels.
“In my mind CEO Elon Musk is to Tesla Motors Inc (NASDAQ:TSLA) as Aaron Rodgers is to Jordy Nelson. Musk is a visionary, he has always known that Tesla Motors Inc (NASDAQ:TSLA) would revolutionize the auto industry and despite being knocked down by the media and Wall Street analysts countless times, he has always gotten up and responded by delivering and Tesla Motors Inc (NASDAQ:TSLA) is the perfect vehicle for Musk’s top notch execution […],” Cramer said.
Cramer also highlighted the Deutsche Bank report, which said that in the future Tesla Motors Inc (NASDAQ:TSLA) could sell half a million vehicles annually and be hugely profitable.
Cramer lauded how Netflix, Inc. (NASDAQ:NFLX) has come to define the on-demand streaming service. According to him, the fact that Netflix, Inc. (NASDAQ:NFLX) has been raising prices without any negative consequence is a testament to the fact that the company’s services are now an inseparable part of consumers’ lives. Cramer feels that the original content being produced by Netflix, Inc. (NASDAQ:NFLX) is what is giving it an edge over the competitors and will take the company higher in the coming years.
As of June 30, 2014 Philippe Laffont’s Coatue Capital Management owns over 2 million shares in Netflix, Inc. (NASDAQ:NFLX) and Daniel Benton’s Andor Capital Management owns 1.25 million shares in Tesla Motors Inc (NASDAQ:TSLA).
Disclosure: None
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