Shares of Lucid Group Inc. (NASDAQ:LCID) are trading flat Friday morning as investors process a major vehicle recall. Here’s what investors need to know.
Lucid Group stock is trading at depressed levels. What’s next for LCID stock?
NHTSA Announces Recall Of Over 27,000 Lucid Air Vehicles Over Fire Risk
Early activity on Friday is centered on a National Highway Traffic Safety Administration (NHTSA) notice disclosing a recall of 27,185 Lucid Air luxury sedans in the U.S., marking the company’s largest recall to date.
The regulatory safety recall stems from an exterior lighting circuit that can overheat due to insufficient overcurrent protection, posing potential fire hazards and loss of exterior illumination.
