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Market Impact: 0.25

Lucid to recall over 2,000 vehicles in US due to drive power issues

Automotive & EVRegulation & LegislationCompany Fundamentals

Lucid is recalling 2,039 vehicles in the U.S. because of a loss of drive power that increases crash risk, according to the NHTSA. The issue is negative for the company’s near-term quality and reliability profile, but the scale is relatively limited and likely to have only a modest stock impact.

Analysis

Lucid is recalling 2,039 vehicles in the U.S. because of a loss of drive power that increases crash risk, according to the NHTSA. The issue is negative for the company’s near-term quality and reliability profile, but the scale is relatively limited and likely to have only a modest stock impact.

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mildly negative

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