$RIVN

General Motors, Ford, Hyundai, Chrysler, Rivian, Toyota, and Volkswagen are recalling various vehicle models due to safety issues. GM is recalling 306,511 vehicles for rearview camera display problems. Ford is recalling 2,711 Bronco vehicles for airbag issues and 86 Mustang Mach-E vehicles for fire risk. Hyundai is recalling 5,360 Ioniq 9 vehicles for power seat malfunctions. Chrysler is recalling 97,349 Jeep vehicles for roof rack crossbar detachment.

Rivian Automotive (RIVN) shares rose 3.4% today, potentially due to a rebound from a software-related recall, positive R2 product updates, and September purchase incentives. The recall affects 98,828 vehicles and can be fixed via an over-the-air update. Rivian also released sustainability updates and a sales event. Insider and hedge fund activity, along with analyst ratings and price targets, were also discussed.

Rivian's R2 EV is exceeding internal expectations, attracting new and former Tesla owners. The company raised its full-year delivery outlook to 65,000–70,000 vehicles. Q2 revenue was $1.66 billion, up 27% YoY, with an adjusted loss of $0.47 per share. RIVN stock rose 4% after-hours.

Rivian (RIVN) CEO RJ Scaringe hinted that the upcoming R3 EV will be 'materially cheaper' than the R2, likely under $40,000. The R2, launched earlier this year, has a base price of $45,000. Rivian's stock closed at $15.02, down 0.8% on the day and 22.6% year-to-date.

Honeywell Aerospace sued Rivian in Arizona federal court for alleged patent infringement of seven vehicle technologies, including safety monitoring and autonomous navigation. Honeywell seeks damages, an injunction, and a jury trial. Rivian shares fell 1.5% to $14.91, with a $22B market cap.

Rivian Automotive is recalling 98,828 vehicles in the US due to a rearview camera display issue that may obstruct the driver's view, according to the National Highway Traffic Safety Administration.

Rivian's R2 model has met a 2030 emissions target early, with a 50% reduction in lifecycle carbon footprint compared to the R1S. The company aims to lower prices with upcoming R3 and R4 models, according to CEO RJ Scaringe. Rivian reports 25% of the R2's mass is from recycled or bio-based materials, and it matches 100% of initial charging electricity with renewable energy.

Honeywell Aerospace, spun off from Honeywell International, sued Rivian and Lucid for patent infringement, alleging their EVs infringe seven aircraft-derived patents. The suits, filed in Arizona and Texas, seek damages, injunctions, and legal fees. Honeywell, now public as HONA, owns over 9,000 patents. Neither defendant has responded yet.

Rivian CEO RJ Scaringe stated the R3 will be priced 'materially lower' than the R2, which starts at $60,000 and will drop to $45,000 by late 2027. The R4 will be even cheaper, but details are scarce. The R3 is expected to start below $40,000 and will be produced in Georgia from 2028.

Rivian's stock (RIVN) fell from $20 to $15 in three months. The company faces competition from Tesla (TSLA) and Lucid (LCID), and its R2 model launch was criticized. Rivian reported a $833 million loss last quarter. The US EV market declined 20-25% YoY, with no clear signs of recovery. Investors await Q3 figures for direction.