Tesla competitor Rivian recalls nearly almost all of its vehicles: 'we are acting with urgency and caution'

Tesla competitor Rivian recalled 13,000 vehicles on Friday after a steering wheel error was found

The front steering wheel fastener "may not have been sufficiently torqued," CEO RJ Scaringe wrote to staff

A spokesperson for Rivian said the recall was voluntary and that the cost would not be material

Tesla challenger Rivian Automotive, Inc. will recall 13,000 of its vehicles after a structural manufacturing error was discovered in seven cars the company announced in emails to customers and staff

Insider reviewed an internal email Chief Executive Officer RJ Scaringe wrote to staff on Friday that said the fastener to the front steering wheel "may not have been sufficiently torqued" when the vehicles were manufactured

Rivian, a company backed by Amazon and Ford, has met with challenges this year, including backlash from customers after raising its prices for pre-orders — and backtracking — in March 2022. The company also laid off 6% of its workforce and saw a slew of shareholder lawsuits claiming that the company artificially inflated its share price and underpriced its cars

After a rough start to the year, the company saw a 47% increase in car deliveries in its third quarter compared to its second quarter