Jim Cramer Would 'Rather Buy The Car Than The Stock' Of This Tesla Rival, But Says 'It's A Well-Run Company'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, on CNBC's 'Mad Money', expressed a preference for Rivian Automotive Inc.'s (NASDAQ:RIVN) vehicle over its stock, despite acknowledging the company's effective management. He highlighted the challenges faced by EV stocks like Rivian and Tesla due to potential interest rate hikes. Additionally, Rivian's vehicles becoming compatible with Tesla's supercharger network and the announcement of priority delivery for its second-generation EV in 2026 were noted.
March 20, 2024 | 11:10 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Jim Cramer's comments, combined with Rivian's vehicles becoming compatible with Tesla's supercharger network and the announcement about its second-generation EV, could influence investor sentiment.
While Jim Cramer's preference for Rivian's vehicle over its stock might raise concerns among investors, the positive developments regarding supercharger compatibility and future vehicle delivery could counterbalance negative sentiment. However, the impact of interest rate concerns remains a significant factor.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90