Lucid Stock Falls on First Recall. This One Isn’t Going to Be Fixed With Software.

Lucid Stock Falls on First Recall. This One Isn’t Going to Be Fixed With Software.

Electric-vehicle start-up Lucid has its first recall listed on the National Highway Traffic Safety Administration website. Lucid makes futuristic, luxury EVs, but this recall isn’t going to be fixed with a software patch. Cars have to go into the shop.

Investor interest in automotive recalls is rising after Tesla (ticker: TSLA) recalled almost 1.5 million vehicles so far in 2022. That is a lot of vehicles, considering Tesla delivered roughly 360,000 vehicles in the U.S. in 2021. But all the recalls could be fixed with a software…

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