Oct 10 - Shares of Rivian Automotive Inc fell about 9% on Monday after the electric-vehicle maker recalled nearly all its vehicles, exacerbating investor concerns that the company may not be able to meet its 2023 production target.
Rivian started selling its EVs in the third quarter of last year, and has so far delivered 13,198 vehicles. read more While the broad recall could hurt the brand and cause lingering credibility issues for future production, Wedbush Securities said in a note, it does not believe the recall would impact Rivian's production or delivery goals for the year.
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