CNBC's Jim Cramer on Monday suggested Tesla could lose its spot in the "Magnificent Seven" megacap stocks list.
If Tesla falls out of favor, he said he thinks pharmaceutical giant Eli Lilly is a solid contender to take the company's place.
The other members of the Magnificent Seven include Apple , Amazon , Alphabet , Meta , Nvidia and Microsoft .
"We're ready no matter what, but to ignore the decline of Tesla or the advance of Eli Lilly is to reject the facts," Cramer said.
At nearly $600 billion, Eli Lilly leads the pharmaceutical industry in terms of market capitalization.
Persons:
CNBC's Jim Cramer, Tesla, Eli Lilly, Cramer, FactSet, there's, Hertz, Ken Langone, Lilly
Organizations:
Big Tech, Apple, Nvidia, Microsoft, EV, General Motors, Honda Motor
Locations:
U.S