Rivian Automotive Inc (NASDAQ:RIVN) is among the best Robinhood stocks under $20 to buy now.
On May 28, the US auto safety regulator, the NHTSA, said it is evaluating nearly 115,000 Rivian vehicles following reports about the potential issues with the rear toe link
This probe is focused on Rivian’s R1S and R1T models. According to the NHTSA, two Rivian drivers reported that the left-rear toe link on their vehicles separated while driving. This resulted in a loss of steering control as the vehicles swerved across multiple lanes, leading to a collision in one incident.
Rivian believes that the part in question is operating as intended. Still, the company is cooperating with the regulator in the probe. The NHTSA is initially conducting a preliminary evaluation of the vehicles, which involves assessing the sensitivity of the toe link joint to road and service conditions.