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Cramer’s advice on Lucid and Rivian EV momentum trades: Take profits

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CNBC’s Jim Cramer on Wednesday urged investors in high-flying electric vehicle stocks to remain disciplined, leaning on the history of the dot-com bubble to inform his latest market advice.

“I can’t blame anyone who wants to find the next Tesla … but I need you to remember the lessons of 1999,” the “Mad Money” host said. “There were many stocks that made you money back then, but with the exception of Amazon, you got killed if you didn’t quickly ring the register.”

Cramer’s comments are particularly focused on two electric vehicle start-ups — Rivian Automotive and Lucid Group — that have soared in recent days before both declining Wednesday.

Rivian, which debuted on the Nasdaq a week…



Source cnbc.com

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