Jim Cramer has supported Tesla CEO Elon Musk over his use of ketamine, a medication used to treat depression and manage pain.
In an interview with Don Lemon on X's “The Don Lemon Show,” Musk said his ketamine recipe was beneficial for Tesla investors.
“From the point of view of Financial world, “it's execution that matters,” Musk said. The X owner argued that Tesla was worth as much as the rest of the auto industry combined.
“For investors, if there's something I'm taking, I should keep doing it.”
People then criticized Musk, who is a tech billionaire, for his use of the drug.
But “Mad Money” host Cramer supported Musk and said he is being attacked for opening up.
“It's actually a shame. Here is a man who admits that he has depression, admits that he is taking medication who has helped millions of people and that's why they ridicule him?”
“There are a lot of people who would never be brave enough to admit that they take this medication, and yet this medication is a lifesaver,” he said, explaining his rationale for defending Musk.
After Cramer supported Musk, the Tesla boss explained why he uses ketamine.
“The reason I posted about ketamine (at some personal risk) is because I thought it could help people struggling with bouts of depression,” Musk said.
He added that ketamine could offer a more effective solution compared to selective serotonin reuptake inhibitors (SSRIs).
