Electric vehicle startup Lucid Motors is now a publicly traded company, following the completion of a merger where it fetched an eye-watering $4.5 billion in fresh capital. Shares of the Saudi-owned, California-based startup began trading on the Nasdaq stock exchange Monday morning.
What date will Lucid Motors go public?
Lucid completed the previously announced merger with Churchill Capital Corp IV on July 23, 2021. The combined company will now operate as Lucid Group, Inc. Lucid will be ringing the opening bell at Nasdaq on July 26 to celebrate the company’s public listing.
Can I buy stock in Lucid Motors?
You can buy Lucid Motors stock now under the ticker ‘LCID’ on the Nasdaq exchange. As a result of the merger, Churchill Capital and Lucid Motors were renamed Lucid Group and shares of CCIV switched over to the LCID ticker.
Will CCIV change to LCID?
Churchill Capital Corp IV (CCIV) will change its name, trading symbol, and CUSIP to Lucid Group, Inc. (LCID), CUSIP 549498103 effective July 26, 2021. As a result, option symbol CCIV will also change to LCID effective at the opening of business on July 26, 2021.
Who has invested in Lucid Motors?
That’s when Saudi Arabia’s sovereign wealth jumped in with funding. With an ownership stake of more than 60% in Lucid, the kingdom’s Public Investment Fund stands to make a nearly $20 billion profit on an investment of $2.9 billion, according to The Wall Street.
Is Lucid Motors a Chinese company?
Formerly known as Atieva, Lucid was founded as a battery company in 2007 with backing largely from Chinese investors. … The Saudi funding allowed Lucid to begin construction on an assembly plant in Casa Grande, Ariz.
How much does a lucid car cost?
The Lucid Air base model starts at $77,400 with the Touring version starting at $87,500. Lucid announces prices and 406-mile range for two versions of the Air electric luxury sedan. The entry-level Air will start at $77,400 and comes standard with 480 horsepower from a single-motor setup.
How many cars have Lucid Motors sold?
Lucid Motors Has Sold Out All of Its $170,000 Air Sedans as Total Reservations Top 8,000 | The Motley Fool.
How do I invest in Lucid Motors now?
There are 2 ways that you can invest in Lucid Motors. First, you can invest in shares of Churchill Capital Corp IV now. As the SPAC that will be merging with Lucid Motors, shares of CCIV will transfer to shares of Lucid Motors after the merger is complete.
Why did lucid stock drop?
Lucid Stock Drops After Unexpected Earnings Release. It Shouldn’t. Electric vehicle maker Lucid filed its second-quarter financial report Monday evening. While there wasn’t much useful information for investors, the stock was down Tuesday.