CNBC's renowned financial expert Jim Cramer has long been a proponent of owning Tesla stock. On Monday - Friday, from 6:00 to 7:00 PM ET, he made a compelling case that goes beyond the reported intentions of President-elect Donald Trump to relax U.S. self-driving rules. Instead, Cramer emphasizes the significance of CEO Elon Musk himself.

Unlock the Potential of Tesla with Jim Cramer's Insights

Why Tesla Stands Out in the EV Market

Tesla is not your ordinary automaker; it's a tech company at its core. This distinct identity gives it a unique advantage. While other EV peers focus primarily on vehicle manufacturing, Tesla's tech-driven approach sets it apart. Its continuous innovation in battery technology, autonomous driving systems, and over-the-air software updates has positioned it as a leader in the industry. For instance, the successful launch at SpaceX showcases Elon Musk's ability to drive innovation across different ventures. This tech focus allows Tesla to command an insanely high price-to-earnings multiple, something that other automakers struggle to achieve.

The Musk Premium and Its Magic

Cramer highlights the "Musk premium" that works its magic in various ways. It's not just about the national self-driving mandate; it's about the influence Musk wields. Favorable municipalities and Tesla rentals next to federal highways are some of the ways this premium manifests. Even though the Trump transition team's plans for autonomous vehicles may face challenges due to the need for multiple state and local governments to agree on new rules, Cramer remains confident. The Barclays analysts' note on the "Elon premium" further supports his stance. Musk's involvement in Trump's successful campaign has elevated his standing as a global power broker, and this has a positive impact on Tesla's stock.

The Impact of the Trump Team's Plans

The electric vehicle stock saw a significant jump on Monday, rising by 5.62% by close. This was following a Bloomberg report that the Trump transition team wants to create a federal framework for self-driving cars. Such a framework could potentially lead to more widespread deployment of self-driving vehicles, which would be a major victory for Tesla and Musk. However, Cramer warns that the implementation of these plans may not be as straightforward as it seems. The idea that the federal government can simply allow self-driving cars everywhere with a stroke of a pen is overly optimistic. There are numerous regulatory and logistical hurdles to overcome. But despite these challenges, Cramer is willing to bet on Tesla because of its inherent strengths and the potential opportunities presented by the evolving automotive landscape.Tesla did not immediately respond to a request for comment, leaving the market to ponder the future of the company and its stock.