Jim Cramer on Rivian: “It’s Losing Too Much Money, Sorry”

Rivian Automotive, Inc. (NASDAQ:RIVN) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. During the lightning round, a caller asked about the stock. In response, Cramer said:

Yeah, Rivian, I think, is losing too much money. I’m not going to say to buy Rivian here; I just don’t want to do it. I know a lot of people think that the time is right. To me, it’s losing too much money, sorry.

Rivian Automotive, Inc. (NASDAQ:RIVN) manufactures electric vehicles and provides related software, charging, and maintenance services. During the April 23 episode, a caller asked whether Cramer was “warming up” to the stock, and the Mad Money host replied:

That last quarter was good. I was surprised… It looks like they’re going to make it, and if they’re going to make it, then the stock goes higher. By the way, I’m going to give you a twofer, I like Tesla today. Okay, those who don’t like Tesla, they can come see me, and…. Those are the same people who’ll probably short Intel.

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