Looking for the next Tesla? Here’s Jim Cramer’s advice for finding the next high-growth stock before it takes off – CNBC

Jim Cramer, host of CNBC’s “Mad Money” and Investing Club, says it’s always possible to find stocks with high growth potential — if you know how.

Sometimes, it can be as simple as liking a company and its products, then following up with research into whether the stock feels worth investing in, Cramer tells CNBC Make It.

That was the case for Cramer’s daughter when she decided to invest in electric car maker Tesla. In 2019, she was driving from Oregon to L.A. and decided to rent a Tesla. She wasn’t into cars before, Cramer says, but she was amazed by how much she liked driving an electric vehicle, and how easy it was to refuel.

“She said it was the most fun car in the world,” says Cramer.

His daughter was sold on Tesla, but Cramer himself was skeptical about the company and pointed out that the stock was expensive.

Still, Cramer’s daughter said she believed in Tesla’s CEO, Elon Musk. She also said that Cramer held a bias against the company because he was too old to see the…

Read Full Story: https://www.cnbc.com/2022/06/01/jim-cramers-advice-for-finding-the-next-high-growth-stock-like-tesla.html

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