Wall Street veteran and Mad Money host Jim Cramer has noted that he likes Tesla. But while he is still supportive of the electric vehicle maker, Cramer admitted that he actually likes Ford more, especially at its current prices.

After being battered last year and ending 2022 with a 65% loss, Tesla has rebounded significantly this year. Year-to-date, TSLA shares have surged over 130%, and this has resulted in the electric vehicle maker gaining a market cap of more than $820 billion. That’s over 13 times the market cap of Ford.

After visiting Ford’s headquarters, however, Cramer noted that the spirit of innovation in the veteran automaker is still alive and well. This means that Ford is undervalued versus Tesla. Cramer also observed that there is “real value” in Ford, as noted in a Benzinga report.