CNBC host Jim Cramer has advised investors to sell their shares in Chinese electric vehicle maker Nio Inc. and buy shares in Tesla Inc. instead.What Happened: On the CNBC “Mad Money" lightning round,Cramer saidinvestors in Nio should be switching to Tesla, as it is the “single best time” to buy shares in the Elon Musk-led company.“Remember the piece that we did with Larry Williams... a couple weeks ago which said this is the single best time to buy Tesla, right here, right now? That’s what you’r
Tesla China Deliveries Set EV Maker for Strong '21, Wedbush Says
Tesla is on pace to deliver 850,000 vehicles in 2021, a strong trajectory, according to Wedbush analyst Dan Ives.Tesla's March deliveries in China create a strong trajectory for the electric-vehicle major into the rest of 2021, Wedbush analyst Dan Ives says.The China Passenger Car Association on Friday reported its March numbers, showing that Tesla delivered 35,500 vehicles, about double the February figure."The narrative is [clear: Despite] the haters and bears focused on China EV sales softeni