Assuming wheel studs are 7/16 UNF (maybe Asian cars are M12 these days) and grade 8.8 (might be higher grade, perhaps somebody on here knows), when tightened to the recommended torque, bolt load is 85% proof stress, and total load for typical 5 bolts is just under 20 tonne. I can post details if anybody’s interested. So even with a dynamic load of say 2 tonne/wheel and low coefficient of friction due to some grease, it’s OK.
On the other hand, if the nuts were slackened just enough so there’s zero compression between wheel and hub, the bolts loaded in shear can take the force, even taking account of allowable shear stress something like 60% of tensile.
So it’s OK whichever way you look at it.