Rivian shares skid after EV maker recalls nearly all its vehicles

Rivian shares skid after EV maker recalls vehicles

Shares of Rivian Automotive closed 7.3% lower last night after the electric-vehicle maker recalled nearly all its vehicles, heightening investor concerns that the company may not be able to meet its 2023 production target.

Rivian Shares Skid After EV Maker Recalls Nearly All Vehicles

Shares of Rivian Automotive Inc. closed 7.3 percent lower on Monday after the electric-vehicle maker recalled nearly all its vehicles, heightening investor concerns that the company may not be able to meet its 2023 production target. Rivian’s market capitalization dropped more than $2 billion to $31.1 billion in a single day, compared with automakers such as Ford Motor Co. and General Motors Co., which are valued at $45.67 billion and $47.08 bil…

More trouble for Rivian: massive recall for nearly all vehicles

Rivian, the California-based Electric Vehicle (EV) manufacturer, has announced a massive recall of thousands of vehicles due to a faulty fastener.

Rivian stock falls after it recalls 13,000 EVs over safety issue

The EV-maker said a loose fastener could cause drivers to lose control of steering.

EV automaker Rivian recalls almost all vehicles, sees stock drop

The electric vehicle maker's stock slid about 9% during Monday trading on Wall Street after a massive recall and investor concerns.

Rivian shares skid after EV maker recalls nearly all its vehicles

Rivian on Friday recalled about 13,000 vehicles due to a possible loose fastener that could cause the driver to lose steering control