"Rivian's Q4 Sales Surge Yet Miss Estimates Amid EV Delivery Decline and Stock Dip"

Rivian has preemptively addressed a potential NHTSA recall for 7,873 of its R1T and R1S electric vehicles by deploying an Over-the-Air (OTA) software update. This update fixes an issue where the accelerator pedal may not properly detect when the driver releases it, potentially leading to unintended vehicle movement. The software fix, which has already been installed on 85% of the affected vehicles, allows Rivian to avoid the logistical challenges of physical repairs and satisfies NHTSA requirements, although a hardware replacement is still offered to owners at no cost. No accidents or injuries have been reported in relation to this issue.