Jim Cramer Suggests Selling Rivian Stock

Rivian Automotive, Inc. (NASDAQ:RIVN) is one of the stocks Jim Cramer recently provided insights on. Answering a caller’s query about the stock, Cramer said:

“[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.”

Rivian Automotive, Inc. (NASDAQ:RIVN) manufactures electric vehicles and provides related software, charging, and maintenance services. Answering a caller’s inquiry about the stock during the September 22 episode, Cramer stated:

“Here’s the problem… They spent a lot of money on that factory. I think that if we’re, if we have a slowdown, and the Fed doesn’t bail us out, I think you’re going to find that stock, you can buy that stock lower. So I say, wait, wait, wait. Don’t pull the trigger here… It’s up on a spike.”

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