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.
Is Lucid owned by Saudi?
The kingdom of Saudi Arabia stands to record a profit of nearly $20 billion on a $2.9 billion investment in Lucid Motors Inc., a San Francisco Bay Area electric-car maker that is set to list publicly after it completes a merger with a special-purpose acquisition company Friday.
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.
Can I buy Lucid Motors stock?
You can buy Lucid Motors stock now under the ticker ‘LCID’ on the Nasdaq exchange.
Will Lucid Motors stock go up?
LCID stock is set to climb after the merger deal due to the EV company’s huge growth potential. For example, Lucid predicts the luxury vehicle market opportunity to grow from $496 billion in 2018 to $733 billion in 2026. LCID stock should skyrocket after the company starts to announce significant car delivery numbers.
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 a lucid car?
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.
Which country built the most cars?
Estimated passenger car production in selected countries in 2020 (in million units)
|Characteristic||Production in million units|