Rivian has recalled about 14 units of its R2 SUV due to improperly tightened fasteners on the high-voltage battery pack, which could cause power loss during driving. This is the second recall for the R2, a key model for Rivian's push into the mass market and profitability. The company has fixed the issue by reprogramming the assembly line to reject faulty fasteners and will repair affected vehicles. Rivian reported no accidents or injuries from this defect and aims to ship 20,000-25,000 R2 SUVs by year-end, with strong early demand and plans to add a second production shift.
Rivian Automotive, Inc. (RIVN) trades at USD 15.08 on Pluang as of Oct 02, 2026 19:41 WIB, up 2.17% in the last day. The stock's market cap stands at $21.37 billion, with a high volume of 32 million shares traded. Despite the recall news, Pluang users show a 75% sell and 25% buy order split, indicating mixed sentiment.
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