Jim Cramer reacts to Apple car rumors: ‘The upside could be enormous’

“An electric vehicle merely gives you one more reason to own Apple, not trade it,” the “Mad Money” host said. “Hopefully, everyone will forget this story tomorrow and the stock will sell off, giving you another chance to buy into weakness.” On Monday, Reuters published an article reporting that the iPhone manufacturer could build a car, potentially with its own battery technology, by 2024. Investors responded the day after trading the stock up almost 3% to a $131.88 close, giving it a more than $2.25 trillion market cap, the largest valuation on the market.

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