Is CCIV stock a good buy?
Churchill Capital IV (NYSE:CCIV) stock lost almost 50% on Feb. 23 after it announced a SPAC deal to buy Lucid Motors, an electric vehicle maker. CCIV stock lost all of its premium and glitter.
Should you buy CCIV stock?
Only Buy CCIV Stock If You’ll Hold It For At Least 5 Years. When Churchill Capital IV (NASDAQ: CCIV) announced a deal to acquire Lucid Motors at an $11.75 billion valuation on Feb. 22, retail ...
What happens to CCIV stock after the Lucid Motors merger?
The shares of Lucid Group (LCID) have gained recently despite the company’s weak fundamentals. So, we think they could witness a pullback in the near term. We also believe that the stocks of fundamentally strong EV companies NIO Inc. (NIO), XPeng Inc ...
Is merger with Lucid Motors a clear win for CCIV?
Investors in up-and-coming EV plays have likely already considered Churchill Capital (CCIV), the company that’s set to take Lucid Motors public this year. This SPAC merger is one of the ... Churchill made clear the company will be announcing a board ...
Will my CCIV stock become lucid stock?
Now that work is finally done as the two companies have completed the merger. As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.
Will CCIV merge with lucid?
After days of both sides rallying stockholders to exercise their vote, the SPAC merger between Lucid Motors and Churchill Capital Corp IV (CCIV) has been approved.
What is the date on CCIV lucid merger?
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.
Will CCIV turn to LCID?
CCIV is now officially LCID as the Lucid Motors transaction has closed and begins trading under its new ticker today. All 7 SPAC merger votes are at prices that make more big redemptions possible. The SPAC saga of Churchill Capital Corp.
What will happen to my CCIV stock after merger?
Now that work is finally done as the two companies have completed the merger. As a result of the merger, Churchill Capital and Lucid Motors will be renamed Lucid Group. In addition to this, shares of CCIV stock will switch over to the LCID stock ticker.
Is CCIV merger completed?
The merger was approved this past July, resulting in the companies joining the Nasdaq under the ticker symbol $LCID and combining for a pro-forma equity value of $24 billion. Lucid's SPAC merger with CCIV joined a growing number of other EV companies that took a similar approach.
How many Lucid shares does CCIV have?
Moreover, the PIPE investors, who are bringing in $2.5 billion in crucial liquidity, also need to be issued new shares, to the tune of 166.66 million. Assuming no redemptions, 1.595 billion Lucid Group common shares will have to be issued in total upon the close of the merger agreement.
When did CCIV become LCID?
Should the merger be approved by investors (which it likely will be), CCIV will cease to trade, and shares will be converted to LCID, which will trade on the NYSE starting July 23.
When can I buy Lucid Motors stock?
Lucid Motors is traded on the Nasdaq stock exchange. The Nasdaq's trading hours are Monday through Friday, from 9:30 a.m. until 4:00 p.m. ET. The Nasdaq also has pre-market and after-hours trading. Pre-market hours are from 4:00 a.m. until 9:30 a.m. ET, and after-hours trading is from 4:00 p.m. until 8:00 p.m. ET.
Will lucid go public?
Lucid Motors Stock IPO In February, Churchill Capital IV — a special-purpose acquisition company (SPAC) — announced a deal to take Lucid Motors public, valuing the company at $24 billion. The company is going public "to accelerate into the next phase of our growth," Lucid Motors CEO Peter Rawlinson said.
Is lucid a SPAC stock?
Lucid, which was called Atieva early on, became a publicly traded company by merging with a SPAC called Churchill Capital. Stock in the Churchill-SPAC traded wildly before the merger announcement, going from $10 a share back in January to more than $60 in a few weeks.
What is CCIV trading at today?
Key Turning Points52-Week High64.86Fibonacci 50%37.23Fibonacci 38.2%30.71Last Price24.2552-Week Low9.601 more row
Who is the CEO of Lucid?
What is the ticker symbol for Lucid?
Lucid CEO Peter Rawlinson ’s take on Tesla. As Lucid hits the homestretch in becoming a public company, CEO Peter Rawlinson thinks that Tesla has succeeded in the EV business because of its technology. Rawlinson worked at Tesla in the past as a chief engineer in the Model S project.
What has Lucid learned from Tesla?
Once it completes the SPAC merger with Churchill Capital, Lucid stock will trade under the ticker symbol “LCID” and replace the current CCIV stock.
Is Lucid stock a consensus target?
The company has learned many lessons from Tesla and it appears to be heading to the market with confidence. For example, Lucid knows that it’s the technology that brings success in the EV market. Lucid has also modeled its sales strategy on Tesla’s format like selling to drivers directly through its own retail outlets instead ...
How many vehicles will Lucid make in 2022?
Since Wall Street hasn’t started covering Churchill stock, there isn't a consensus target price for investors to look at right now. However, Lucid stock appears to have bright prospects after the SPAC merger. First, the EV market is enormous and continues to expand, which means that Lucid has tremendous growth potential.
How much will Lucid make in 2021?
Lucid plans to deliver 20,000 vehicles in 2022, and 135,000 vehicles in 2025. Article continues below advertisement. Source: Lucid Motors.
How long does it take to charge a Lucid Air?
Lucid expects revenue of $97 million in 2021 and $14 billion in 2025, meaning 2021 and 2025 price-to-sales multiples of 378.4x and 2.6x, respectively. If Lucid can keep its promises, CCIV stock might be a multibagger. Advertisement.
Is the Plaid a premium model?
Tesla's Model S Plaid takes about 15 minutes to charge for 200 miles, while Lucid Air takes 20 minutes for 300 miles.
How much will Lucid sell in 2022?
They're expected to compete in the premium-luxury crossover EV market. The Plaid is the premium model of Tesla's Model S , while the Lucid Air is a base model. Article continues below advertisement.
Is CCIV stock moving?
Lucid projects sales of $2.2 billion in 2022, $5.5 billion in 2023, and $14 billion in 2025. The company plans to sell 20,000 units in 2022 and 135,000 units in 2025. Lucid is also set to benefit from President Biden’s policies for the electric vehicle market.
CCIV Stock May Fail to Pop
CCIV stock has largely been moving in tandem with other electric vehicle stocks like Tesla. This means that CCIV stock will rise with positive investor sentiment in Tesla stock. Article continues below advertisement.
Lucid Still Looks Pricey
Investors keen on Churchill Capital IV, soon to be Lucid stock, are bullish for many reasons. Some investors are in it to flip it. That is, they’ve bought in since May, following its sell-off, in anticipation of it popping once its headline-making transaction closes.
Hold Off for Now
Based on how the market’s trending now, it’s questionable whether a short-term pop is possible for CCIV stock. It’s questionable as well whether the more long-term scenario happens, either.
When will Lucid Air be released?
I’ll admit that the buzz around Lucid is more than just hype. It has plenty in its corner that point to it taking on the competition that’s heating up in the luxury EV space.
How much will Lucid make in 2026?
It has focused on luxury car market and has lined up several models. The deliveries of its flagship Lucid Air model are expected to start later in 2021. Lucid CEO Peter Rawlinson was a Tesla engineer and oversaw work on Tesla’s flagship Model S.
Is CCIV a short squeeze?
It has focused revenue hitting $23 billion in 2026 with a profit of about $3 billion. Lucid sees a $730 billion market opportunity in the luxury car segment, which suggests enormous growth potential ahead. In addition to car sales, Lucid hopes to make money from its battery technology as well.
Is Lucid Motors going public?
Reddit investors are known for banding together to drive up prices of heavily shorted stocks to force a short squeeze. Therefore, the rising bearish bets make CCIV stock a short squeeze candidate. In a squeeze, the stock could rise sharply, which is what happened recently with AMC.
Is Plaid Plus a competitor to Lucid Air?
Lucid Motors is often mentioned among the best electric vehicle stocks to buy. Lucid is going public in a SPAC merger with Churchill Capital (CCIV). The transaction is expected to close at any moment. How high can CCIV stock go after the Lucid merger and should you buy now?
Who is the CEO of Lucid?
For example, investors will realize that while Plaid is beating the Lucid Air to market, Tesla actually scrapped plans for the Plaid Plus model. The Plaid Plus promised a 520-mile driving range, which would have made it a greater competitor to Lucid that has sought to attract drivers with longer ranges.
Who is Lucid's vice president?
Lucid CEO Peter Rawlinson was the vice president of vehicle engineering at Tesla and was the chief engineer of the Model S. He’s the guy who basically engineered Tesla’s first flagship EV. Meanwhile, Lucid’s chief engineer, Eric Bach, helped launch and grow the Model S and Model X brands at Tesla.
What is Lucid Motors?
Lucid also has some of the same “DNA” that is responsible for making Apple (NASDAQ: AAPL) successful. Michael Bell, Lucid’s vice president of digital, is widely considered to be one of the most influential people in helping develop the original iPhone.
Who is Lucid's lawyer?
Lucid Motors is a collection of some of the brightest minds and boldest visionaries in the automotive space. Many have a long history of successfully launching world-changing hardware products. And that’s why we have the utmost confidence in Lucid Motors — we have confidence in the people.
Why did investors invest in Tesla in 2010?
Lucid’s top lawyer, Jonathan Butler, was formerly Tesla’s second-in-command lawyer. Their vice president of supply chain, Peter Hasenkamp, previously established and executed the sourcing plan for the Tesla Model S. Lucid’s vice president of manufacturing used to be Tesla’s vice president of production.
