Jim Cramer Discussed These 11 Stocks Recently

8.  Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Holders: 31

Rivian Automotive, Inc. (NASDAQ:RIVN) designs, develops, and manufactures electric vehicles, including pickup trucks and SUVs, and provides a range of consumer services such as financing, insurance, maintenance, and charging solutions. It also operates a fast-charging network, offers fleet management services, and partners with Amazon on electric delivery vans.

Cramer mentioned the company and said:

“And look, QuantumScape’s hardly alone, don’t mean to pick on it. All sorts of electric vehicle plays that came public during the IPO frenzy of ‘20 and ‘21 got crushed. Rivian although ended up coming back.”

In October 2024, during Cramer’s Mad Dash, Cramer mentioned Rivian’s (NASDAQ:RIVN) announcement of a shortage of a shared component on the R1 and RCV platforms and commented:

“The reason I thought that was interesting was because they were going to do 50,000, maybe 52,000. Looks like they’re going to do 47,000, 49,000. It doesn’t sound like it’s a demand problem. It sounds like it’s a part problem. The reason I point that out is because the demand problem at Ford is bad… EVs everywhere are under this turmoil…

I want to believe that Rivian is right, because I think Rivian is terrific… I want to believe that they’re right that it’s a part, not demand, but I don’t know… This sector away from Tesla is just sheer hell right now… I need more information because nobody else has a supply problem. One of the things I thought was great is that, one thing that’s gone is that whole supply problem issue with the semis. Maybe this is another part, but these guys are not in a position to miss. They’re just not… I don’t know. It doesn’t seem like a good shift in the EV game.”