What happened
Rivian announced a recall of about 100,700 vehicles, which the company said equals a majority of the cars it has manufactured so far. The move follows discovery of a software defect that can block the rearview camera image, which Rivian described as non-compliance with U.S. and Canadian rear-visibility safety rules.
Which models are affected and how
The recall includes certain R1T pickups from 2022 through 2026, certain R1S SUVs from 2022 through 2027, and certain R2 vehicles from the 2027 model year. Rivian said the camera obstruction occurs in rare cases when stability control is turned off, and that "a safety prompt asking to re-enable stability control may overlap the rearview camera view when shifting into reverse until the vehicle moves." The company provided that quote in an emailed statement to Reuters.
Fixes done and what remains
Rivian said greater than 95% of the vehicles subject to the recall have already received a software remedy. The company added that every vehicle built after August 10 comes with the corrected software preinstalled.
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What this means for your portfolio
A recall covering about 100,700 vehicles and a majority of the company's output so far is a notable operational event for Rivian. Investors may want to track how the remaining fixes are completed and whether any further regulatory notes arise tied to U.S. and Canadian rear-visibility rules.
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