Jim Cramer on Rivian: “Let’s Take Some off the Table, Rest Run”

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the stocks Jim Cramer shared his take on. A caller asked what Cramer thinks the prospects are for the company and he replied:

“Look, I’m a balance sheet guy. This has had a major, major move. It’s been terrific. I think some of it is a short squeeze. There’s a very big short. I want you to take some off the table and then let the rest run because in the end, I care more about maintaining gains when it comes to the heavily speculative stocks that are losing a lot of money. Let’s take some off the table, rest run.”

Rivian Automotive, Inc. (NASDAQ:RIVN) manufactures electric vehicles and provides related software, charging, and maintenance services. It is worth noting that when a caller inquired about the stock during the October 27 episode, Cramer responded:

“[Sell, sell, sell] I’m sorry. I mean, look, I want you to continue to be able to have steak dinner… I don’t want you to say it’s better. It’s not. You’re selling it.”

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Disclosure: None. This article is originally published at Insider Monkey.