Rivian Automotive, Inc. (RIVN) saw its stock price tumble 6.47% in pre-market trading on Friday, February 21, 2025. This sharp decline came after the electric vehicle manufacturer announced a recall of 17,260 vehicles in the U.S. due to a headlight issue that could reduce visibility and increase the risk of a crash.
According to the National Highway Traffic Safety Administration (NHTSA), the recall affects certain 2025 R1S SUV and R1T pickup truck models, where the headlight low beam may fail to illuminate when starting the vehicle in cold weather. Rivian stated it will replace the headlight control modules at no charge to address this problem.
Additionally, Rivian projected a surprising drop in electric vehicle deliveries for 2025, now expecting to deliver between 46,000 and 51,000 vehicles, lower than Wall Street's consensus estimate of around 55,000 units. This revised guidance, along with the recall announcement, contributed to the significant decline in Rivian's stock price during pre-market trading on Friday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.