Jim Cramer Put These 10 Stocks Under the Spotlight

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

Number of Hedge Fund Holders: 40

Rivian Automotive, Inc. (NASDAQ:RIVN) was mentioned during the episode, and here’s what Mad Money’s host had to say:

“Okay, I know this is not what you want to hear, but I don’t care for the balance sheet. If they had a better balance sheet, then I would say fine. I know they’ve gotten some money from others, but it takes a long time to go public. People misunderstand how long it took for Tesla to be able to get there… I do worry about the financing.”

Rivian Automotive (NASDAQ:RIVN) develops, engineers, and manufactures electric vehicles, such as pickup trucks and SUVs, and provides a range of consumer services including financing, insurance, maintenance, and charging solutions. In February, commenting on the company, Cramer said:

“I don’t like the auto market and while I still appreciate Rivian’s balance sheet, they need so much more money, I think, ultimately, to become a big company. So I cannot go there because I think you’ll look back and say, why did Jim green light that to me? And I’m not going to do that.”