TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer shares his take on Thursday's hot stocks.
Here's a quick recap:
On Tesla (TSLA) , Cramer said the company needs to raise more capital. On Wednesday, Tesla reported a narrower than expected fourth quarter loss and said Model 3 production is set to begin in January.
Cramer also said investors should allow the shorts to leave Nvidia (NVDA) , which saw shares slump Thursday after a downgrade from BMO Capital Markets analysts. Cramer also said he likes Advanced Micro Devices (AMD) , which is cheaper than Nvidia.