Jim Cramer shares his thoughts on Tesla, Cisco Systems, Verizon, Prologis and Papa John's

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Tesla : Shares fell more than 4% after the electric vehicle maker issued another round of price cuts in major markets including the U.S., Germany and China. "The idea is that Tesla is going to report a loss and they haven't sold a lot of and they're giving cars away in order to meet the cash flow.

Verizon : Shares fell nearly 3% after the telecommunications giant delivered an earnings beat and lost fewer-than-expected wireless subscribers in the three months ended March 31. "I had said that this Verizon is not good. It looks like that was right," Cramer said. Prologis : BMO Capital Markets downgraded the stock to a hold-equivalent rating, citing a "murky" outlook.

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