Apple and Tesla have long-term upside after stock splits, Jim Cramer says

  • CNBC | by: Tyler Clifford |
  • 08/24/2020 12:00 AM
CNBC’s Jim Cramer on Monday recommended Apple and Tesla as buys, should their share prices fall on their upcoming stock splits.

Apple, a communications device maker, and Tesla, a motor vehicle manufacturer, valuations are at or near record levels, but Cramer isn’t buying the notion that their stocks are expensive.

“If you judge Apple as a pure hardware play, or you judge Tesla as a pure car company, then you’re right, all these moves are all smoke and mirrors,” the “Mad Money” host said.

Tesla shares have surged triple digits this year, giving the company a $375 billion mark—et valuation, more than Toyota, General Motors and Fordcombined. Apple holds a market cap of $2.1 trillion with shares up 71% year to date.