Hi,
You can't make multiple recordings of the same meeting at the same time. If one person starts recording a meeting, that recording will be stored on the cloud and available to all participants.
For more information see:
Record a meeting in Teams
https://support.microsoft.com/en-gb/office/record-a-meeting-in-teams-34dfbe7f-b07d-4a27-b4c6-de62f1348c24?ui=en-us&rs=en-gb&ad=gb
Teams keeps meeting recordings that don't get uploaded to Microsoft Stream, available for local download for up to a maximum of 20 days.
Limits and specifications for Microsoft Teams
https://learn.microsoft.com/en-us/microsoftteams/limits-specifications-teams
(Please don't forget to accept helpful replies as answer)
Best regards,
Leon