RIVIAN – I HATE THE MEDIA ™

Rivian R1T - Wikipedia

Rivian R1T Owner’s $42,000 Repair Bill — The Shocking Cost Of A Minor Fender Bender On A $73,000 Electric Truck. Not only is the repair bill incredible, but the fact they didn’t total the truck out is also even more impressive. We now wonder how much everyone’s auto insurance goes up to cover the cost of repairing electric vehicles that have been in accidents.

Rivian R1T owner Chris Apfelstadt experienced an unexpected financial shock after a seemingly minor rear-end collision in February. Although the damage appeared limited to the rear bumper, the repair costs escalated to $42,000 when he took his vehicle to a certified Rivian Automotive Inc. repair shop. This repair bill is particularly surprising considering that the starting price of a brand-new Rivian Automotive Inc. (NASDAQ:RIVN) R1T is around $73,000.

Rivian recalls nearly ALL of its 13,000 electric vehicles over loose fastener that may cause drivers to lose control at the wheel. If you wait long enough, the nut is loose behind the wheel is now true.

Rivian is recalling 13,000 vehicles over loose fasteners that may cause drivers to lose control of their steering wheel
The company has reported seven issues with the fasteners since August, but no injuries have been documented
Rivian expects the issue to be solved within 30 days as it revs up damage control during its third recall since starting production in late 2021
Rivian, once expected to rival Tesla in electric vehicle production, has seen its stock shrink by nearly 67 percent since going public this year