Stock Track | Lucid Group Plunges 5.29% as Company Recalls 1,539 Vehicles Due to Wiring Issues

Stock Track11-15

Lucid Group Inc (LCID) shares plummeted 5.29% in intraday trading on Friday, following news that the company is recalling 1,539 vehicles in the U.S. market due to a potential loss of drive power caused by a short wiring harness.

The electric vehicle maker announced the recall after the National Highway Traffic Safety Administration (NHTSA) identified the wiring issue, which could cause a loss of drive power, increasing the risk of a crash. Lucid is working to resolve the problem by replacing the affected wiring harnesses free of charge.

While the recall affects a relatively small number of vehicles, investors reacted negatively to the news, sending Lucid's stock down sharply. The recall raises concerns about the company's quality control and potential impact on its production and delivery schedules, compounding existing challenges in the highly competitive EV market.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1142130378?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-15 23:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1142130378","market":"us","top_or_hot":-1,"title":"Stock Track | Lucid Group Plunges 5.29% as Company Recalls 1,539 Vehicles Due to Wiring Issues","media":"Stock Track","content":"<p>Lucid Group Inc (LCID) shares plummeted 5.29% in intraday trading on Friday, following news that the company is recalling 1,539 vehicles in the U.S. market due to a potential loss of drive power caused by a short wiring harness.</p>\n\n<p>The electric vehicle maker announced the recall after the National Highway Traffic Safety Administration (NHTSA) identified the wiring issue, which could cause a loss of drive power, increasing the risk of a crash. Lucid is working to resolve the problem by replacing the affected wiring harnesses free of charge.</p>\n\n<p>While the recall affects a relatively small number of vehicles, investors reacted negatively to the news, sending Lucid's stock down sharply. The recall raises concerns about the company's quality control and potential impact on its production and delivery schedules, compounding existing challenges in the highly competitive EV market.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Lucid Group Plunges 5.29% as Company Recalls 1,539 Vehicles Due to Wiring Issues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Lucid Group Plunges 5.29% as Company Recalls 1,539 Vehicles Due to Wiring Issues\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-15 23:54 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lucid Group Inc (LCID) shares plummeted 5.29% in intraday trading on Friday, following news that the company is recalling 1,539 vehicles in the U.S. market due to a potential loss of drive power ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LCID","symbol_name":"Lucid Group Inc","start_time":0,"source_url":"","article_id":"1142130378","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142130378","pubTimestamp":1731686071,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Lucid Group Inc  shares plummeted 5.29% in intraday trading on Friday, following news that the company is recalling 1,539 vehicles in the U.S. market due to a potential loss of drive power caused by a short wiring harness.The electric vehicle maker announced the recall after the National Highway Traffic Safety Administration  identified the wiring issue, which could cause a loss of drive power, increasing the risk of a crash. Lucid is working to resolve the problem by replacing the affected wiri","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LCID":"Lucid Group Inc"},"translate_title":"股票赛道Lucid Group暴跌5.29%公司因线路问题召回1539辆汽车","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LCID":1},"content_text":"Lucid Group Inc (LCID) shares plummeted 5.29% in intraday trading on Friday, following news that the company is recalling 1,539 vehicles in the U.S. market due to a potential loss of drive power caused by a short wiring harness.\nThe electric vehicle maker announced the recall after the National Highway Traffic Safety Administration (NHTSA) identified the wiring issue, which could cause a loss of drive power, increasing the risk of a crash. Lucid is working to resolve the problem by replacing the affected wiring harnesses free of charge.\nWhile the recall affects a relatively small number of vehicles, investors reacted negatively to the news, sending Lucid's stock down sharply. The recall raises concerns about the company's quality control and potential impact on its production and delivery schedules, compounding existing challenges in the highly competitive EV market.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1142130378"}