'You're playing momentum, not car companies and not technology, and in that case it's better to ring the register early and often,' the 'Mad Money' host said.
, tumbled 15% Wednesday but remains up 45% over the past five sessions. Although it currently has next to no revenue, Rivian's market capitalization of $124.6 billion is larger than those of General Motors and Ford.
Lucid, which late last month delivered its first vehicles to customers, is up 29% over the past five trading days, even after sinking 5.3% Wednesday. The luxury EV maker, which recorded less than $1 million in revenue over the first nine months of 2021, has a market cap of $85 billion.," a pioneer in the electric vehicle industry that now is worth more than $1 trillion.
It's very possible that multiple EV companies will succeed down the road, Cramer said, but that doesn't mean their stocks are on a one-way ride higher. For example, he said that even though
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