Jim Cramer says Elon Musk's post-earnings 'manifesto' signals a chance to buy Tesla plunge

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Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.

Jim Cramer's daily rapid fire looks at stocks in the news outside the

Investing Club portfolio. Tesla : The electric vehicle maker missed expectations on earnings per share in the second quarter, and the stock dropped 12%. 's Jim Cramer praised Tesla CEO Elon Musk's post-earnings conference call. "It was a manifesto of what he's thinking about long term," Cramer added. "If you read it, you would say, 'Wow, I'm getting a great opportunity to again to go buy some." Visa : The credit card giant missed estimates on sales, and that was worrying the market. Dow stock Visa dropped more than 3%. Cramer said Visa tried to explain away a downtick in the last month.

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