Rivian Automotive (RIVN.US) stock plunged over 7.5% before the opening bell after the EV maker decided to recall 13,000 cars because the fastener to the front steering knuckle "may not have been sufficiently torqued" when the vehicles were manufactured.
"In rare circumstances, the fastener has loosened fully," Rivian’s Chief Executive Officer RJ Scaringe wrote on Friday. "I want to reiterate that this is extremely rare, but it does reinforce why we are acting with urgency and caution."
"The recall will not impact production, as Rivian has ceased producing vehicles with the insufficiently torqued steering knuckle fasteners, so this issue is not expected to persist," Rivian's spokesperson said.
Rivian Automotive (RIVN.US) stock fell sharply in premarket and is currently testing a major support zone around $31.30, which is marked with previous price reactions. Source: xStation5
NFP: A turning point for the dollar and the start of a stock market correction?
US Open: Wall Street slides amid semiconductor stocks sell-off 📌Intel down 6%
NFP overview
Market Wrap: SAP bucks tech sell-off, SpaceX blocked from S&P 500 entry (05.06.2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
