Stockchase Opinions

Jim Cramer - Mad Money Rivian Automotive RIVN-Q BUY Aug 08, 2022

This EV-maker has been rebounding sharply and will benefit from the IRA act just passed, because there will be huge EV subsidies to come. He prefers Tesla, tough.
$38.090

Stock price when the opinion was issued

Automotive
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WATCH

Good reviews on products. An early show-me story. On his radar. Prefers TSLA at the moment. Movement to EVs will continue.

COMMENT

Have the 4th top selling EV in America and the top e-pick-up truck. Shares went public in end 2021 at the worst time and shares have been a disaster, but have doubled in the past two weeks after a super quarterly report. 

WATCH

Likes it, but it's losing so much money that they need to do more financing. Will watch it then decide after its second financing.

DON'T BUY

The EV sector is challenged, except Tesla, because customers aren't doing that well. True, RIVN has cash to last a while.

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TOP PICK

Rivian is developing vehicles, technology, and services that inspire people to get out and explore the world. whether it’s a family camping trip or a weekend away, we provide the ultimate platform for experiencing life’s adventures. we have development centers in plymouth, mi, san jose, ca and irvine, ca. in addition to our three development locations, we have a modern, functioning 2.6 million square foot manufacturing plant in normal, il. core to delivering our vision is building a team of passionate people. we have assembled an outstanding team with a wide range of backgrounds including automotive, technology, industrial equipment, consumer electronics and aerospace. our diverse team shares an innate curiosity for the world, the ability to dream beyond today and a hunger for getting things done. we are actively hiring curious and determined individuals that are passionate about creating the world of tomorrow. Social media mentions are up 350% in the past 24h.

PARTIAL SELL

It's up a lot, so if you're in a profit, sell half your holding. It's a survivor in this sector.

COMMENT

Terrific, but shares remain -35% YTD. Reported mixed Q4 production and delivery.

HOLD

Demand for products strong, but not sure on direction of business. 

PARTIAL BUY

The partnership with VW prevents RIVN from collapsing, but doesn't make this a great stock. You can buy a tranche now and another $2 cheaper.

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TOP PICK

Our mission is forever. We are here to preserve the planet for our children and grandchildren. It's a huge goal, but we believe it's possible if people and industries join forces to make fundamental change happen. We create uncompromising products to explore the world and make it easy to join our project and make a difference. Social media mentions are up 1650% in the past 24h.