William D. Cohan

The anti-Midas touch of Mad Money’s Jim Cramer

When Tesla, the electric-car company controlled by Elon Musk, went public in June 2010, pricing its IPO at $17 per share, Jim Cramer, the ubiquitous and highly confident American TV anchor, proclaimed on his show Mad Money that investors should avoid the stock at all costs. It was a ‘Sell! Sell! Sell!’ Cramer announced in his typical