Jim Cramer on GM's EV Hummer: 'You're not going to catch Elon'

  • 🎬 Video
  • ℹ️ Description
  • UCrp_UI8XtuYfpiqluWLD7Lw
Jim Cramer on GM's EV Hummer: 'You're not going to catch Elon' 4.5
UCrp_UI8XtuYfpiqluWLD7Lw



Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.


Connect with CNBC News Online



#CNBC
#CNBCTV

💬 Comments
Author

People then: iPhone is trash. Who want a touch screen?? And yes iPhone used to be the ‘1%’
People Now: Come on, EVs only accounts for 1% of the market. Right right...

Author — Dat Le

Author

Elon does not want to destroy competition, he wants the competition to stop destroying the planet.

Author — Hiking Lang

Author

So GM comes out with an $120, 000 electric truck and the affordable model comes out in 4 years at $80, 000 and Tesla is in trouble 😂. LOVE IT.

Author — Jerome Davis

Author

In 15 years, we'll look back at this video and see how comical it seems that some thought that EV's will not take over a majority of the transportation market.

Author — necraduq

Author

I love how Jim Cramer warns the GM people to cover their ears🤣Truth hurts!

Author — Vanliferunner

Author

"CATCH ME IF YOU CAN '' - EV ELON

Author — TREND_VFY

Author

These guys don't understand. Majority of people under 30 want an EV for their next car. They are saving up the 40k to buy it.

Author — BuySellHold Finance

Author

Lmaooo the cheap version is coming out 2025-2026 .... by then tesla will destroy the ev market. I welcome competition but this isnt even close ....

Author — alexguy96

Author

You gonna buy the fully loaded Cybertruck for $70k?

Or the base model, slow Hummer for $80k?

GMC 🤣🤣🤣🤣🤣

Author — Bill Andersen

Author

David and Jim are the best combo. Love those guys!

Author — Brian Louderback

Author

“What percentage of vehicles on the road are EVs?” “Like 3%?” Everyone laughs.

Now let’s travel back in time to 2006 before the iPhone was announced. Same question, “what percentage of mobile phones are smart phones?” Since the only options were BlackBerry and Palm i’m guessing it was well under 3%.

By 2011 Pew research did the first survey and found smart phones made up 35% of all mobile devices.

At the beginning of 2019 it was 81%!

I think of early Tesla’s (the roadster) as the Blackberries and Palms. Cool but with lots of compromises. The 3 and Y are the first generations of the iPhone. The Cyber Truck will be the iPhone 3G and the $25K Tesla car will be the iPhone 4. The nail in the coffin when MOST people start looking at Tesla as their next purchase option.

EVs are coming and coming fast. Most will be made by Tesla.

Author — Dylan Garrison

Author

Musk has explicitly said he does NOT want to destroy the competition.

Author — Lee Smith

Author

They just don't get it.. Some people just can't grasp change regardless of their elite education..

Author — silasla

Author

GM AND FORD WILL BE BANKRUPT IN LESS THAN 6 YEARS

Author — DMESSER

Author

Lmao that burn, "what % of the market is ev" 1%.
That was so funny, but Cramer is right. Lot of upside and this is the first year we see the tables turn.

Author — Raylen Fa'ield

Author

Such "boring questions". lol
Jim was about to fall asleep.

Author — R DOTTIN

Author

This is interesting, though never been a Hummer fan I am intrigued to find out what GM's monster convertible SUV/truck looks like

Author — John F

Author

I don't want EV and Im young! I can't tow...

Author — Joe Vella

Author

Elon doesn't want to destroy competition, he wants to embarrass and make you submit until you join his mindset. Brilliant

Author — stoor79

Author

the ev hummer looked fantastic, then I saw its 112k$ price tag and a I was like .... thats the cost of a house ....

Author — Karl Dailey