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.
Rivian delivered 19,248 vehicles in Q3 2026, meeting its own forecast and reaffirming its full-year delivery guidance. The stock rose 4% following the report, while Tesla shares increased 2%. The key focus now is on Rivian's Q4 performance, which mus...
Rivian reported a 45% increase in electric vehicle deliveries in Q3, reaching 19,248 units, driven largely by the launch of the more affordable R2 SUV. The company aims to sell 20,000 to 25,000 R2 vehicles by year-end, potentially making it one of th...
Rivian reported a 46% year-over-year increase in vehicle deliveries for Q3, delivering 19,248 units compared to 13,201 last year, surpassing Wall Street expectations of 18,000 units. The company reaffirmed its 2026 delivery guidance of 65,000 to 70,0...
In 2026, Tesla stock has dropped 20%, while smaller EV makers Rivian and Lucid have seen steeper declines of 24% and 60% respectively. This trend highlights Wall Street's preference for investing in EV technology layers like autonomous driving and ba...
Rivian and Tesla both reported Q2 results, but the market values them very differently. Rivian, despite losses, is priced like a traditional automaker based on vehicle deliveries and gross profit, trading at 3.64 times sales. Tesla, with record deliv...
