01:36 PM EDT, 09/12/2025 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph)
Rivian Automotive ( RIVN ) shares fell 5% in recent trading Friday, after recalling 24,214 of its 2025 R1S and R1T vehicles due to a potential glitch in its hands-free highway assist software.
According to the National Highway Traffic Safety Administration on Friday, the software may fail to correctly identify a lead vehicle.
The NHTSA said the issue affects certain 2025 Rivian vehicles operating an older software version. It added that Rivian has since released an over-the-air software update.
Owner notification letters are expected to be mailed on Nov. 4.
Price: 13.25, Change: -0.72, Percent Change: -5.15