Rivian Recalls More Than 17K R1S and R1T Due to Headlight Defect

Core Points - Rivian is recalling 17,260 vehicles in the U.S. due to a headlight malfunction that could impair visibility and increase accident risk [1][2] - The recall affects certain 2025 R1S SUVs and R1T pickup trucks, with the issue stemming from non-compliance with Federal Motor Vehicle Safety Standard number 108 [1] - Rivian will replace the headlight control modules free of charge, with notification letters sent to affected owners starting March 28, 2025 [2] - In Q4 2024, Rivian achieved record revenues and gross profit for the first time, with gross profit at $170 million compared to a gross loss of$660 million in Q4 2023 [3] - The company reduced cost per vehicle by $31,000 year-over-year due to improved efficiency and higher revenue per vehicle [3] - Rivian has lowered its delivery forecast for 2025 to 46,000 to 51,000 vehicles, down from 51,579 units delivered in 2024, citing potential external challenges [4] Financial Performance - Rivian's Q4 2024 revenues were driven by higher sales of regulatory credits, growth in software and services, and increased average prices with the Tri-Motor option [3] - The company reported a significant improvement in gross profit, marking a turnaround from previous losses [3] Market Outlook - Rivian acknowledges that external factors, such as changes in government policies and EV incentives, could negatively impact 2025 sales [4] - The company is facing potential challenges that may affect demand for its vehicles in the upcoming year [4]