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Apr 6, 2026 12:00 PM

Cramer Flags New Trade: Sell Some Tesla, Wait for SpaceX IPO?

CNBC host Jim Cramer is floating a provocative idea: Tesla Inc. (NASDAQ:TSLA) investors could trim TSLA exposure now to save dry powder for the SpaceX IPO. 

TSLA stock is moving. See the chart and price action here. 

Cramer's Bold Take 

In a social media post reacting to JPMorgan's fresh downgrade of Tesla to Sell, with a call for the stock to plunge roughly 60%, Cramer shared his takeaway from the bearish note: 

"Bold… Must mean people are going to sell this one to buy SpaceX," Cramer wrote, framing a rotation trade from the struggling EV story to the private space giant whenever that IPO window opens.

Bold …Must mean people are going to sell this one to buy SpaceX https://t.co/zpTUpoITdP

— Jim Cramer (@jimcramer) April 6, 2026

The Downgrade to Sell

JPMorgan's downgrade hinges on a disconnect between Tesla's fundamentals and its recent price action, according to Brian Sozzi at Yahoo Finance.