CNBC's Jim Cramer was not impressed with the earnings conference call Tesla hosted last week to explain its 2014 fourth-quarter and annual results, calling CEO Elon Musk's reasons for the company's performance "horrendous," "ridiculous," "a fiasco," and reminiscent of "the rambling John DeLorean."
We've spilled some ink about CNBC Mad Money host Jim Cramer before, the financial expert who – as The Daily Show pointed out – missed the whole Great Depression 2.0 thing. Of course, it's not fair to single out Mr. Cramer, as 99 out of 100 economists thought credit default swaps based upon ill-conceived home loans to people with lousy credit was a sure-fired, long-term money-making bonanza.
Capitalist-on-steroids Jim Cramer of Mad Money fame (or, if you're a Daily Show fan, infamy) thinks Cash For Clunkers is a great idea. This might surprise some of you (and shock us), but here's his reasons why: