Jim Cramer believes the electric vehicle bubble is starting to burst, barring Tesla

We know that if you are in the stock market, there are lots and lots of investors and similarly there are many analysts as well. Now, we believe that the analysts have a very important role to play in the market because they have the ability to crash or make the stocks of any particular company go up at any point of time. This is because investors take the word of analysts very seriously and if they say something is going down or up, investors will follow them. One such name in the experienced stock analyst panel is of Jim Cramer who has given his word of advice right now.

It is known that investors have believed that the electric vehicle trend is a bubble and it will burst sooner or later but Jim Cramer says that the electric bubble related to the electric vehicle has already started to burst. He says that apart from Tesla, all the electric vehicle companies have started to go down after seeing highs for a long time. Now, there are people out there who say that electric vehicles are not the future but just a trend but we don’t necessarily agree with them.

The “Mad Money” host said that “The bull market in Tesla is real and it’s spectacular. The bull market in the rest of the electric vehicle plays feels way less substantial, and once again I’m warning you to stay away, no matter how awesome it seems,” essentially telling investors to either invest in Tesla or none at all.

He adds that “We keep seeing more and more of them come public, often via reverse mergers with special purpose acquisition vehicles,” also known as SPACs, “and after some big moves higher, their stocks have started to implode.” which is a problem for investors.