Skip to playerSkip to main content
  • 11 hours ago
Rivian is recalling 34,824 U.S. vehicles after NHTSA warned that a damaged pretensioner cable could fail to restrain drivers. The company has pushed an over-the-air update to affected EDV models and will replace assemblies where needed. Rivian shares remain up 30% this year ahead of the R2 launch in 2026.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Rivian will recall 34,824 U.S. vehicles after the National Highway Traffic Safety Administration
00:09said a damaged seatbelt pretensioner cable could fail to restrain drivers, according to Benzinga.
00:15The company pushed an over-the-air update to certain 2022 to 2025 IDV models,
00:21and will inspect and replace assemblies where needed. Rivian stock is up 30% this year after
00:26topping revenue estimates for four straight quarters and beating EPS expectations in at
00:31least three of the last four. The R2 launch remains on schedule for the first half of 2026.
00:38Shares traded at $17.30 in Wednesday's pre-market session, according to Benzinga Pro.
00:43For all things money, visit Benzinga.com.
Be the first to comment
Add your comment

Recommended