Cramer also isn’t shy about letting Tesla CEO Elon Musk know his opinion via Twitter.
Musk tweeted on Friday that he had been driving the Cybertruck around Austin, Texas, where the company is headquartered. More and more pictures of the vehicle have been surfacing on social platforms as the EV company gears up for launch.
The F-150 Lightning and the Rivian R1T are currently the only EV trucks in the market.
The Cybertruck and GM’s Chevrolet Silverado EV will be hitting the market in 2024 as the range for these trucks are 400 miles or over. The Cybertruck’s highest package will be at 500 miles.
Cramer remains unimpressed. On the July 10 edition of CNBC’s “Squawk On The Street,” Cramer threw more shade at the Cybertruck, calling it a “monstrosity.”
“I don’t want to go too into World War II, but it looks like a tank that was used by the other side,” said Cramer.
Ford CEO Jim Farley once compared buying a Cybertruck to buying a Lamborghini, but Cramer believes it’s more like buying a “Panther tank” that the Germans used in WWII.
He continued to take shots at the Cybertruck, referencing his retweet from Monday morning.
“I tweeted because I wanted to attack Musk on that ridiculous vehicle that he had, which … I think looks a little bit like something that Fred Flintstone might have built in his spare time,” he said.
It’s worth noting that Cramer owns Ford stock for his charitable trust. He previously said he expects sales of the F-150 Lightning to easily outpace the Cybertruck and was doubling down on his call Monday morning.
The Cybertruck, according to Musk, is on track to begin production later this year. Deliveries are expected to commence sometime in the third quarter. So far, it’s one of the most anticipated vehicle launches of all time.
A week after it was unveiled in 2019, Tesla boasted that it already had more than 250,000 reservations for the futuristic-looking EV. Toward the end of last year, the total number of reservations had grown to 1.5 million.
Produced in association with Benzinga
Edited by Alberto Arellano and Joseph Hammond
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