New electric-vehicle automaker Rivian recalled nearly all of its vehicles, causing a Monday slip of its stock during trading on Wall Street, intensifying concerns from investors.

The company fears that it could have problems meeting production and sales targets for 2023, Reuters reported. And the specific details regarding the latest large recall are a source of concern for investors, with a fastener on the vehicles that might not have been tightened correctly in the factory, CNBC reported.

The company announced late on Friday that it needed to recall over 12,000 vehicles, which amounts to just about every electric vehicle the company has produced so far.

Included in the recall are Rivian's R1T pickup and R1S SUV manufactured through September. Some EDV delivery fans produced by Rivian are also included in the recall, which was produced for Amazon.

The company estimates that only about 1% of the 12,212 total vehicles included in the recall have the defect, but that didn't stop the company's stock from dropping over 10% during Monday trading.

The fastener defect is related to the front suspension, which the company says may not have been fully tightened in some vehicles. If the fastener isn't tight, it could affect front-end alignment causing vibrations and noise and influencing the steering feeling.

On Wednesday California gas prices hit a record high of at least $4.72 a gallon, on average according to AAA's gas prices map.

As CNN Business reported, multiple factors, including a switch to renewable fuel sources, could see gas prices rising nationally. According to AAA, the U.S. national average for regular-grade gasoline was at $3.51. The previous highest recorded average price for regular unleaded was $4.11.

While the Ukraine crisis presents the U.S. with a foreign policy threat, it's also pushing gasoline prices higher at home. And that's a growing political problem for President Joe Biden and fellow Democrats.

With this year's congressional elections in sight, inflation has become an albatross for the party, as the Associated Press reports. Biden wants to put the focus on how much the Russian threat on the Ukraine border is contributing to the gas price rise. That message may be lost on Americans who just see how much fuel is costing at the pump. Republicans are happy to put the blame on the Democrats.

But, gas prices could take a while before they go down, experts warn.

Last year, the White House urged OPEC oil producers to try and find a way to combat rising gasoline prices, Bloomberg reported. There was a push back on increasing supply. Biden announced the release of 50 million barrels of crude oil from stockpiles controlled by the government in Texas and Louisiana salt caverns.