Rivian CEO RJ Scaringe goes one-on-one with Jim Cramer

[@bobbysunshine3458]

I have purchased 10 R1T's for my company. Got the first one May 2022. We have had no problems with them. Incredible vehicles!

[@sumitomoO0O]

Me too. My company's sales force bought 210 R1S and 890 R1T. I am thinking of ordering another 3600 R1S's, not to mention the 37 R1T's I bought for my extended family

[@justinstewart3248]

Lol

[@ploppill34]

Incredibly shortsighted of you to spend company money on those vehicles when you could’ve got a much better bargain for your company, you probably should be fired😂😂😂😂

[@ploppill34]

@@sumitomoO0O please tell me your company name so I can make sure never to do business with it because you’re not a good business person buying these crappy vehicles😂😂😂

[@Rapido20]

TODAY ON things thast never happened that i will make up on comments hoping my stock goes up@@sumitomoO0O

[@Jonathan-ru9zl]

He started off a car company without any capital. Its amazing. I really hopes this brilliant guy and his company will succeed big time. We should encourage and support people like him

[@zaheraldik5016]

You have no idea, read more who the investors behind Rivian, the ones who are paying for all this hemorrhaging industry .

[@timflynn5562]

Great interview. RJ is truly invested in his product and understands it. R2 is going to really help them solidify their spot in the EV industry.

[@zandercerlong9693]

The future of the car isn’t about what cars you make. It’s about autonomous driving, period. If you dont have it you are DEAD. Or you will have to license it from your biggest competitor(tesla) IF they let you

[@jerrychenwu]

Owned R1S for half year and 5000+ miles. As a previous owner of Mercedes, BMW, Tesla and Porsche vehicles. R1S is my favorite car among them, elegant design, good quality, very capable of handling all kinds of road condition. You can tell from their software upgrades that they really care about their owners and listen to their owners. There are still pain points like lack of their own charging network(But you can use tesla super charger soon), lack of enough service center, minor software bugs. But given the stage of the company I would say what they are able to accomplish is very impressive.

[@terrestrialaccessnetwork8456]

Any issues so far?

[@brennanspark]

Great car just not affordable to the common folk.

[@williamelkington5430]

All I know is that my R1S is the best vehicle I've ever owned or driven.

[@Video6782]

Mine too. I will never go back. Truly a game changer.

[@425681]

Same here. Just love it!

[@cuhullin3539]

Out of my price range unfortunately, but the R2 is calling my name

[@mdummy]

Same. Country, but the future. :)

[@ihmpall]

Buying an ev 🤣🤣 must be a liberal

[@CarlitoswayDR]

I’m buying Rivian stock as soon as Monday, this is a gem

[@stevendaveshwar9802]

Nice

[@caleb31]

Why wait till Monday?

[@CarlitoswayDR]

@@caleb31markets are closed Bud

[@daliborpuchta1952]

You mean buying more... you're a bagholder like everybody else 😀

[@stevendaveshwar9802]

@@daliborpuchta1952 ok and?

[@aberhan7984]

Very humble and likable unlike other EV CEO. I would actualy consider buying this.

[@siddani09]

lol u mean elon?

[@Earthhum37]

Lmfao Elon made you this mad

[@Vivaldir]

@@siddani09yes Elon 😂

[@Jon-ky6st]

Needs to be humble, since he is losing money on every EV.

[@TWellington]

I am honestly confused at why people dislike Elon so much. I don't agree with everything he does, but I feel that way about everyone.

[@drewbymusic]

RJ is so refreshingly well spoken. I own a Tesla, but the daily childish behavior of Elon Musk is exhausting. RJ acts like an adult

[@zaheraldik5016]

yes and adult with pink shoes.

[@RyanNicholson-yy8ut]

The R1T is a joy to drive every day. It’s extremely well designed. The function and layout makes it extremely easy to adapt to as a first time EV owner. The gear tunnel is the best thing ever if you’re taking the family fishing or to the beach!

[@notchism]

Just found my entry point today

[@NealIRC]

Okay, I hope Rivian goes successful. Fellow Chicagoan here.

[@itisim]

Rivian just warming up get it warming up chicago 😅

[@bitcoinman9202]

What are they in the chi?

[@NealIRC]

@@bitcoinman9202 huh?

[@NealIRC]

@@bitcoinman9202 huh?

[@bcz9110]

And a downstate Illinois product too! Good for all

[@ameetawate]

Look forward to seeing R2 series

[@vilicus77]

March 7th!!!

[@YTeradicant]

​@@vilicus77March 7th? I thought it was 2026?

[@vilicus77]

@@YTeradicant That's when they will be delivered. An unveiling will be in March.

[@dheerajgarapati2109]

Great interview..

[@RyanDohertyRacing]

I’ve seen some rivians around. They actually look very unique and elegant. I’d be interested to see what is R2 going to be like? And will the big money investors continue to keep them afloat when sales slow during this economic slump? Tesla made it through recession early in its life and electric vehicles are much more popular now, so I do believe it’s feasible. That being said, part of how tesla survived was because elon musk. People believed in him. Anyway, wish i could pick the brain of genius businessman to help me grow my business.

[@RollinwithFrank]

Look, RJ is great and I give him so much respect for not being like every other selfish CEO like Lucid…paying himself close to half a billion while loosing billions. I love Rivian but where they went wrong is making a vehicle this is 80-100k. Most people are not going to spend that kind of money! Not saying the vehicle isn’t worth it but they have to get the price around 40-60k on this next or newer vehicles

[@ericpeterson1815]

Check out their R2 and R3 platforms. The R2 is scheduled to start at $45K.

[@updownhealth7361]

Cramer tried baiting him... RJ not having any of it. Props! Now there is a stand-up guy! I'm a fan.

[@danielterry382]

I drove a Rivian SUV today, R1-S , a super unit.

[@sr.1972]

America is truly a blessed land to have people like these and immigrants like Musk. Besides China and US, no such entrepreneurship exists today. (that may change though)

[@dianewallace6064]

We love our Canyon Red R1T!!

[@281Fanta]

Just added an extra 2000 shares, R2 will be a game changer for Rivian reach, profibality road. I hope the stock keep stsy at 15$

[@markmonroe7330]

Well I guess that $10 price last week sucks for you. You lost 30% in a month.

[@w12p67]

So nice to see Steve-O doing so well

[@vilicus77]

Rivian is a great company--love my R1T.

[@Mikemo2333]

Really enjoyed this video

[@randolm7698]

Seeing recent articles about the 'EV Fad?' are comical and clickbait. I suspect when the Model T's rolled out and people saw them breaking down, being pulled out of the mud by horses, etc... many suspected cars were doomed - horse and buggy forever. This slow down is a blip. I added to my small RIVN position when it hit $15 this week. I'll probably add more if it drops further.

[@bitcoinman9202]

Few understand

[@BasementTracks]

Nailed it.

[@voxtek]

Would consider it, but posting a negative isnt a good indication they will be around in a year or more.

[@ayoutubewatcher7009]

I have 3 questions #1 what will be there profit margin be and #2 when will they make a sedan? And #3 can/will they partner with the evil genius to mimic his design/manufacturing technology?

[@DADRacingYT]

I bought mine at the early pricing so I was going to flip it. Welp I’m hooked. Keeping it for the loooong run. Such an amazing car. Embarrasses our Tesla

[@Dennis-zu9su]

RIVN to the moon!

[@yusselfaveljl]

The question that should have been asked is when does the company see itself making a profit? They are burning a lot of money each quarter.

[@reality_bites7887]

Interesting mix of EV fans and general public comments

[@qt3040]

The other company is BYD not Rivian

[@reality_bites7887]

fair point, but Rivian seems to be doing incredibly well in America; give them time

[@ravneetdhillon5390]

awesome ceo

[@justinstewart3248]

The car is incredible but the front end is easily the worst part of it. They need to stop holding to this. Those headlights are awful.

[@darrylpage3404]

RJ is so awesome.

[@NealIRC]

He's Clark Kent.

[@duerf5826]

I'm diamond-handing RIVN because the make good cars but they're gonna have a demand problem in 2024. They often like to boast their reservation number but at the end of the day they're just that, reservation. Everything is gonna hinge on their R2 platform and so far we still haven't seen an official prototype for a R2 platform yet. And even by some miracle they get the R2 production started in Q1 2025, they won't fully ramp up production until Q3 2025, and the baseline model (the one that most people want) won't deliver until Q2 2026. And that's assuming that their production schedule going off without a hitch, strong economy, limited competition from Tesla and traditional OEMs, them being able to drastically reduce loss per vehicle, robust cash reserve, etc,... and to be honest, that's a lot of stars needed to align. Best of luck to them but I'm not feeling optimistic (for context they only managed to deliver 50,122 vehicles in 2023. They should be delivering this figure 2 years ago).

[@MADMAX7330]

Only Cramer will flip flop and diss Tesla, while trying to pump Rivian.. Watch him flip flop in a few months

[@alonzogonzalez3062]

Ok, just to balance things in the comments section here: I own a Rivian R1T. It is OK, kind of cool in many ways, but it is a new product and I’ve experienced some of their growing pains and poor build quality and many glitches that don’t seem to repeat to a point where they are diagnosable. My biggest issue is that it is Electric! The charging times, the temper mental efficiency (wind, too hot/cold ambient temps, road conditions), not too mention I rarely charge to 100%, which means my range is always less than advertised. I charge to less than 100% to take care of the battery, don’t have the patience to wait another 30 min to go from 80-100%. I’m not a fan! I which I would have kept my 2017 BMW X5, much better vehicle! The “chargers something like this up to 80% in 20-25 minutes” comment needs to have the caveat of if everything works perfectly, which rarely does!

[@iamalmostanonymous]

You seem to focus on the DC charging when most charging is done at home and is an absolute delight compared to gas stations.

[@davidbraverman1]

Yeah, exactly. I do 99% of my charging at home. It's easy and seamless, like plugging in my phone. I wake up with a full charge, and never have to stop for gas. Has tons of range for daily driving. The DC fast charging is only for road trips, so that depends on your lifestyle but for me, I fly the 1-2 times per year I travel and then rent a car or rideshare/public transit when I arrive. @@iamalmostanonymous

[@martina5328]

Compare with a NIO, and the advantages of battery-swap in addition to ordinary charging. NIO is far ahead.

[@alonzogonzalez3062]

@@martina5328 how many NIO battery swap stations are there in the US? My point was simply, EVs have a long way to go in the areas I’ve pointed out. Just my opinion: at this day and age we should be making huge leaps forward. EVs compared to ICE vehicles, it just seems that we took 3 steps forward and then 2 to 4 steps back depending on what areas you compare of the functionality of a vehicle. At this moment, my assessment of my decision to purchase the R1T is that I regret it! I’m also glad people love the truck, to each their own!

[@martina5328]

@@alonzogonzalez3062 Here in Sweden there are already swap stations.

[@klip6440]

When you are ten blocks away you can tell it's a Rivian. They said the same thing when the Edsel came out!

[@RafeCruise]

Seeing them more in the Atlanta area.

[@kte1973]

RJ has to hand over his position to a professional CEO. He can't make profitable electric cars.

[@caustinolino3687]

Whoa! Steve O really cleaned up his act!

[@lacitysun]

He's been sober over 10 years ❤️

[@hasanturgut2712]

Shhhhhh. Clark Kent speaking

[@awilliams4755]

My wife is a jeep wrangler person, you should build a small jeep to challenge the wrangler.

[@agtoaaa1]

CEO is here for the stock price, not about product

[@marlonvlog96]

EV is now in fierce competition letting the related stocks down and further down. But the final winners of the race would see price going up again, I guess?

[@johnreese3762]

I like Rivian and think RJ is brilliant!

[@pedalesmexicali]

The stock will go up for a few days and then tank as usual

[@itisim]

Then sell low

[@gaymoderate4403]

earnings on 2/21 will save it

[@The_Stockfather]

$70,000 for a car/truck is insane though. How many hours of work is that for you?

[@MikeAbbate_Mortgages]

658 hours.

[@The_Stockfather]

@@MikeAbbate_Mortgages disposable income as if you have nothing else you have to spend money on? Neat.

[@itisim]

R2 to the moon

[@markmonroe7330]

Moon or.... $10 last week?

[@itisim]

@@markmonroe7330 hey its what it is

[@gregmihalik9027]

Why is Jim Cramer still allowed to do interviews

[@ndechindech290]

Jim Cramer is the true market wizard...the destroyer of markets

[@AdamFrugoli]

Jim doesn’t mention that they lose $33,000 on each vehicle they sell….

[@owenswabi]

And how that’s improved avg 12.4% each quarter over the past 6 quest years

[@gerardmcnamara521]

WSJ was a total hit piece not sure who motivated the tone and content totally one sided

[@aranylazkaliforniaban6470]

He thinks people don’t buy electric vehicles because there isn’t enough options . I think it’s because one takes 25mins to charge to 80% the other 2 mins to fill up 100%

[@martina5328]

Except for NIO, where you can swap the whole battery in no time. (And you get the best EV out there combined with the best value for money).

[@DeltaXMusic]

the brands smartest move to date has been copying range rover lol.

[@benplumlee751]

The media EVs are bad ok! Also the media these EVs are awesome! 😂😂😂

[@stevencole7331]

A very different ceo over the other ev aitomaker

[@SP00855]

Looking forward for r2 RJS

[@manuelbejarano6121]

Cute.....but the infrastructure to make this work (charging stations) is light years away for the every day use of these vehicles. Sorry , I love the idea of electric cars but powering these things is still in its infancy. 2035 is not achievable.

[@davidw4664]

I charge mine at my house /shrug

[@jenniferkelley6875]

Light years? 😂

[@BasementTracks]

I think you don't get it. We own two Teslas. By far, the best cars we ever had. In every way (safety, features, performance, convenience, near zero maintenance cost, super low operation cost). I can't remember last time I went to a supercharger. I charge at home. I could not imagine going back to a noisy, slow, underfeatured ICE car that on top of being inferior in basically every way, I have to stop every week, at a smelly, pricey gas station in order to continue driving it.

[@MrProy33]

Cramer didn't ask about all the corporate greed and waste spending, the lack of having an actual truck under thst 8' tall plastic shell, or the utter stupidity of EVs in general. Then again, Cramer is a rich dude without common sense, like Rivian buyers.

[@SoumilShah]

This is guy who fooled all by talking about hydrogen powered car

[@dabrain22video]

its funny how cramer gives rivian a fair review but anything tesla is negative to paint a narrative.

[@TakeBackBozeman]

Jews will always protect their ethnic interests and Musk is waking up to the problem(s) in the West.

[@itisim]

RIVIAN BULL

[@KrustyKlown]

CyberTruck is SO MUCH better looking!!! .. LOL /s (yes, humor)

[@marcuskorell2930]

So Rivian is the EV stock to go with long term? 😂 wtf Cramer stop it!

[@flashbacktv1641]

Once again proven they merged with Tesla for charging haha Nio will dominate the ev market with battery swap as a service

[@SuperLefkowitz]

Don’t think I could hate Cramer anymore than any other ‘news’ person. What a POS.

[@martina5328]

Maybe Tom Lee...his track record is worse than chance, even though he ought to be better as the market is up about 7.5% on average each year and he always bets on "up".

[@w12p67]

Crim Jamer, my man.

[@markmonroe7330]

It is over for Rivian. Just give it a bit more time.

[@eliasgonzalez125]

I'm waiting for the R2D2

[@KO-771]

RIVN pretending to be doing better than it actually is...

[@robb5133]

Don’t fall for it guys. Rivian is not the next Tesla. You can hold me to this.

[@BasementTracks]

Agreed.

[@martina5328]

The next improvement on Tesla is NIO with battery swap. You roll in, swap the battery to a charged one, and roll out. The quality and design is way better than Tesla.

[@mike48084]

Cramer must have stock in Rivian. Totally biased.

[@1WINDSHEAR]

Inverse Cramer strikes again...sell sell sell

[@subaruamazon]

can that car be more in the picture why not give the riivan a mike?

[@MuhammadHakim-qc7tn]

Personally, I think this is a false rally that is too low volume. We are ready to drop one drop, one drop at a time finished, then we will have one of the biggest short squeezes you've ever seen. It's not 2008 fall, still at least, a big accident is going on come later. I'm only aiming for short-term stability gains from a market correction and I would definitely If T knew a thing or two about jumping into a boat day trading. I'm just looking for the right moves Growing and hedging my $470k stagnant stock from inflation.

[@993mike]

Even though I'm an ICE guy and not EV at all, I do think these are less ridiculous than the Cybertruck. What I don't understand at all is the front! It's so weak and wimpy looking, and I think they really blew a chance to appeal to truck buyers with a more aggressively styled front. Instead it looks like a toy.

[@reality_bites7887]

The Rivian customer is not a truck person. The Rivian customer is an affluent, city person who likes to camp/hike or go off-roading. People who drive trucks for work and want to buy an EV will get the F-150 lightning. Annoying people who buy trucks for no reason are generally conservative and don't yet want to buy an EV. Additionally, vehicle design has been getting angrier and angrier, and the pendulum inevitably swings in the opposite direction.

[@brackle-1]

Why would a new company come in and do more of the same traditional truck template? It's boring and archaic and does nothing to help a new company stand out.

[@martina5328]

Yes, it is ugly as hel.. Compare it to NIO, and you get battery swap option, and the best quality EV that is out there. And you get the most car per currency spent.

[@zandercerlong9693]

Trading is EASY just to the exact opposite of what Cramer says and you will get rich

[@KO-sx9uy]

Reverse cramer means bankruptcy

[@galaxyconnector7403]

It seems to be wonderfully engineered vehicles. But I would be hesitant paying 70k plus for its clownish looking front-end design. RIVIAN must rethink its strategy. People want cool looking car , not friendly looking car. Why not provide design which most people like, instead by some only

[@landozilla5154]

LOL Cramer is trying so hard to not say "Tesla and Elon Musk", really cringe, just act normal dude.

[@BasementTracks]

Anything Cramer says, please do the opposite.

[@ploppill34]

It’s over 😂😂😂😂😂

[@RichardKing-sx6xc]

😆😂😅🤣

[@luckylenny]

Comments below saying rivian will eventually be profitable is just plain wrong… rivian has never said they’ll be profitable. Per the 2Q23 conf call, CEO RJ Scaringe only said he wants to continue " . . . driving costs down across the business on our path to profitability." Analysts kept asking but when actual profits. Rivian deceptively kept repeating they would have a "gross profit." Which means profit before expenses. Which is meaningless. Which means continued losses until bankruptcy announced

[@hurlentropy6866]

You're speaking with your feelings. No logic

[@hurlentropy6866]

You're speaking with your feelings. No logic

[@Rx100Vx]

FUD . Report to you tube for spamming same comment in multiple Rivian by this short seller.

[@Obsidian12332]

😂

[@texstevens]

I purchase !0,000.00 of Rivan stock and watch it fall to less then $2000.00 I sold it for $1499.00. Stay away from this dog.

[@NealIRC]

I'm at big negative for this but not gonna sell until much higher.

[@dwnrange7812]

That horrible one pedal regen braking though...& it can't be adjusted or turned off

[@reality_bites7887]

Works better than a brake; it brings your car to a smooth stop every time, and is frictionless, so there are no brake pads to need to be replaced. The sooner you start thinking with your brain and you get on the EV train, the sooner we can compete with China and not have thousands of job losses from the big three

[@bitcoinman9202]

If you can’t drive one pedal you shouldn’t be driving at all

[@davidw4664]

One pedal driving is really great, give it chance next time you have the opportunity.

[@dwnrange7812]

I have, and that’s why I got rid of my Model 3. Passengers would get car sick, and I hate being unable to coast on the highway

[@BasementTracks]

@@dwnrange7812 You must be an incredibly bad driver with zero foot sensitivity if you made other people car sick due to regen braking. Once pedal driving is far better than traditional: easier, less jerky, brakes last forever. Plus if you want to coast in the highway like grandma, all you need to to is enable autopilot.

[@cesarmelendezsahagun2036]

Steve -O

[@warrenlowe676]

Little fan boy Jim Cramer and Tesla hater.

[@benwebber8812]

What he really meant was “R2” will be shhhhhhhh lttier.

[@edk9576]

Horrible looking headlights.

[@naresh2070]

Tesla's are better than any car..model Y is the best selling car

[@martina5328]

You have no clue. Teslas are junk. Rust problems, no battery swap, crappy technlogy and sensors. Compare it ti NIO, an EV with battery swap. Swap in a fully charged battery on a couple of minutes. There are lots of advantages with that.

[@alexanderclaylavin]

They’ll be gone soon

[@kirkdogg007]

That CEO's pay alone says failure they wont be around long just because of him and he says he likes rivian 😂

[@Gman539]

This was a paid puff piece. You think Cramer traveled to interview this clown for free? And the sheep in the comment section fell for it 100%. Just look at how excited they are "I'm Dimond handing this stock", "he is so likeable"... lol Enjoy being broke losers

[@101yak]

That moment when you realize they had to partner with tesla just for basic fundamentals of an EV.. oof

[@davidw4664]

Every brand doesnt need it own charging station in fact that is what we need to avoid

[@101yak]

@@davidw4664 I agree

[@markplott4820]

RIP Rivian , now they have COMPETITION from the Tesla CYBERTRUCK.

[@martina5328]

Rivian is a joke compared to NIO. On top of that, the Rivian car design is the ugliest I have seen. For any large fleet not to choose NIO with battery swap and batteries that can be charged while cars are on the road, makes zero economical sense. Any transport or taxi fleet needs battery swap. You cannot fast charge as it kills the battery, and you cannot have the car sitting for 30+ minutes charging, costing money.

[@luckylenny]

Rivian appears to be a carbon copy of Nikola Motors. Nikola's shares were hyped up to $94; now $1 … Rivian shares hit $135; now $16. Just like Rivian, Nikola made all sorts of promises about future improvements, customers and sales which never materialized. Both Nikola and Rivian over-promote their products; even though they sell at a loss. As evidenced by Rivian's 4Q23 $1.75 bill secondary, both companies very adept at raising money. Nikola has 1.02 bill shares outstanding. After the recent secondary, Rivian will have about 1 bill shares outstanding. Both companies have bloated share count and no profits. Both companies tout blue chip investors. In 3Q23, Rivian's net loss was $1.4 bill. Buying Rivian is like buying Nikola. Unable to generate a profit, my prediction is Rivian declares bankruptcy within 24 months

[@PeaceFulMelodyHub]

Always commenting the same comment every where…

[@Rx100Vx]

This is a FUD short seller Spaming the same comment . Report him to KZbin and SEC

[@dennislyons3095]

If that is your position, you should short heavily. Rivian has said for a long time thy expect to reach profitability by 4Q24. Even if it takes a bit longer, there are a lot of people betting they will make it. Like around 50,000 others, I like my R1T & only drive my ICE truck to keep the battery charged & to haul things to the dump. The R1T is my daily driver.

[@kirkdogg007]

​@@dennislyons3095😂

[@brackle-1]

How many vehicles did Nikola sell?

[@mbeliv3763]

Jim Cramer ???? hahaha what a joke 🤣🤣🤣

[@NealIRC]

Wish I wouldn't say the same about your grammar.