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Barchart
Barchart
Subhasree Kar

98,828 Reasons to Sell Rivian Stock

Rivian Automotive (RIVN) is facing a fresh potential headwind after the electric vehicle (EV) maker recalled 98,828 vehicles in the U.S. over a rearview-camera software issue. The recall affects certain R1S, R1T, and R2 vehicles from the respective 2022–2027 model years, with the National Highway Traffic Safety Administration (NHTSA) warning that a notification could obstruct the rearview-camera image when the vehicle is in reverse, potentially reducing visibility and increasing crash risk.

Rivian has issued a free over-the-air software update to address the problem, limiting the immediate need for a hardware repair. However, the scale of the recall adds another issue for investors to monitor as Rivian ramps production, strengthens its financial position, and builds confidence in its next-generation vehicles.

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