$Tesla (TSLA.US)$The stock price surged more than 15% on Monday after news that the company's CEO Elon Musk had cleared the way for the launch of FSD software in China.

Although Jim Cramer, a well-known American stock critic, is not a big fan of Tesla, he appreciated Musk's actions.

Cramer said this will bring Tesla a new revenue stream and help restore the upward trend in prices after vicious price cuts in the Chinese market.

“He unexpectedly visited China and sealed a deal. It's unbelievable,” the stock reviewer said. “It's also a perfect example of a CEO redefining the narrative.”

Kramer also expressed surprise at how easily Musk completed the deal with China. “He got on a plane and made a deal. I can't think of anything like it in the history of American commerce.”

The stock critic also said that no one can do this, which is why shareholders love Musk. The billionaire fooled “last week's rating downgrade,” he said.

Cramer also expressed his opinion on whether Tesla's stock trend is durable. “A lot of people have shorted this stock. This stock can keep rising until all the bears are squashed.”

Ihor Dusanevsky of financial data analysis company S3 Partners said that Tesla is the third-largest short target in the US after Nvidia and Microsoft, with a short position volume of 18.53 billion US dollars, accounting for 3.97% of its publicly issued shares. Monday's sharp rally cost bears $2.93 billion, bringing April's cumulative losses to $2.11 billion. However, so far this year, Tesla bears have still made a profit of 4.1 billion US dollars.

Editor/Jeffrey