Lucid Motors recalls over 4,000 Gravity SUVs citing improperly welded seat belts

Lucid Motors issued a recall for more than 4,000 Gravity SUVs due to a seat-belt defect. The recall, coming after earlier Gravity hardware and software quality issues, is a modest near-term headwind that could weigh on consumer confidence and lead to incremental warranty/repair costs for the company.

Analysis

Lucid Motors issued a recall for more than 4,000 Gravity SUVs due to a seat-belt defect. The recall, coming after earlier Gravity hardware and software quality issues, is a modest near-term headwind that could weigh on consumer confidence and lead to incremental warranty/repair costs for the company.