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Jim Cramer Says Tesla Stock Could Climb To $175 Today On Back Of Elon Musk Comments: 'Everything That Was Bad Is Now Good'

Despite missing analyst estimates for the first quarter, Tesla Inc (NASDAQ:TSLA) shares are surging Wednesday on the heels of the company’s quarterly report. Jim Cramer is surprised the stock isn’t moving even higher. What To Know: Tesla’s first-quarter revenue of $21.301 billion came in below the consensus estimate of $22.151 billion. The EV maker also reported adjusted earnings of 45 cents per share, which missed estimates of 51 cents per share, per Benzinga Pro estimates. Although Tesla came up short of estimates on the top and bottom lines, the stock is taking off on Wednesday. Many analysts are attributing the upward momentum to the company's accelerated timeline for the launch of an affordable new vehicle model. However, Cramer believes the ...