Elon Musk Disses Carnival Barker Jim Cramer over PT Barnum Jab

Journalist:
Samantha Chang @Samantha_Chang
April 26, 2019

By CCN: Tesla CEO Elon Musk shrugged off CNBC host Jim Cramer’s latest dig the way one would shoo away a pesky fly at a picnic.

“Cramer is a simulation,” Musk snarked on Twitter. “He’s not real.”

Musk was reacting to Cramer’s criticism that Elon is a “master deflector” like the late P.T. Barnum.

“He deflects, deflects, deflects. I’ve never seen anything like it. He’s the master deflector. He is P.T. Barnum.”

Elon Musk nonchalantly brushes off Cramer

Musk’s tepid reaction to Cramer was mild compared to some of his other Twitter takedowns.

As CCN reported, Elon mocked billionaire Jeff Bezos after the Amazon CEO announced plans to launch a constellation of satellites into space.

Musk reminded Bezos that his company, SpaceX, had already done that last year by calling him a copycat. Musk made sure to tag Bezos on his catty Twitter smackdown.

Musk (net worth: $20 billion) probably didn’t go hard against Jim Cramer because he realizes that Cramer (net worth: $100 million) is small potatoes compared to him.

Cramer’s Lame Comeback

Jim Cramer then fired back on Twitter with a lame riposte, screeching: “How could I be a simulation?”

On April 29, Cramer kept talking about Musk, but softened his criticism.

A disgusted Musk snarked back: “Shallowfake.”

Cramer built tv career on carnival-barking antics

As a reminder, P.T. Barnum was a flamboyant American businessman who founded the Barnum & Bailey Circus. He’s most famous for his outlandish PR stunts.

Like brash publicity hound PT Barnum, Jim Cramer has found a way to keep himself in the headlines — by trash-talking Elon Musk.

Of course, the irony is that Cramer is far more of a shameless self-promoter than Elon Musk is. Indeed, the foundation of Cramer’s entire TV career are his carnival-barking antics.

Over the years, Cramer has donned an embarrassing array of ridiculous costumes while hosting his aptly-named CNBC show “Mad Money,” where he presumably offers investment analysis.

Irony alert: Jim Cramer says Elon Musk is like carnival barker P.T. Barnum. | Source: screenshots

We have yet to see Musk prance around in absurd outfits in a bid to promote his ambitious business ventures.

CNBC’s Jim Cramer says Tesla billionaire Elon Musk is outlandish. | Source: CNBC
Jim Cramer says Elon Musk is the master deflector. | Source: CNBC

Flashback: In 2008, Cramer urged viewers not to dump Bear Stearns

Then there’s this: In March 2008, Cramer urged his CNBC audience to not sell Bear Stearns stock because the flailing “Bear Stearns is fine!”

CRAMER: “Peter writes, ‘Should I be worried about Bear Stearns’ liquidity and get my money out of there?'”

“No! No! No!” Bear Stearns is fine.”

“Do NOT take your money out! Bear Stearns is not in trouble! Don’t move your money from Bear. Don’t be silly!”

At the time, Bear Stearns stock was trading at $69 a share. Five days later, the troubled bank collapsed and was acquired by JP Morgan for $2 a share after the government asked JPM to rescue it.

That’s just one example of Cramer’s many spectacularly missed investment calls.

Cramer’s Bear Stearns call was so horrific that comedian Jon Stewart tore into him in a hilarious 2009 monologue.

Last modified (UTC): April 29, 2019 17:32

Samantha Chang @Samantha_Chang

Samantha Chang is a New York City-based financial editor who writes about crypto and business at . She is a law school grad and an alum of the University of Pennsylvania. You can reach her on Twitter at Samantha Chang or email her at schang121@juno.com.