LCID - Lucid Motors

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by StockJock-e, Sep 2, 2021.

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  1. StockJock-e

    StockJock-e Brew Master
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    As of July 23, 2021, Churchill Capital Corp IV was acquired by Lucid Motors USA, Inc., in a reverse merger transaction. Churchill Capital Corp IV does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.

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  2. StockJock-e

    StockJock-e Brew Master
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    Yahoo -
    Lucid Motors (LCID) shares closed more than 10% lower on Wednesday at $17.79 a piece. The stock was under pressure because a lockup period expired for some of the electric vehicle company's big investors.

    PIPE shareholders, which stands for private investment in public equity, are allowed to sell for the first time since Lucid went public via a SPAC in July. Shares fell as much as 19% during Wednesday's session, their lowest price since listing on the Nasdaq.

    Lucid is backed by Saudi Arabia’s sovereign wealth fund, BlackRock funds, Fidelity Management & Research, and Franklin Templeton.
     
  3. StockJock-e

    StockJock-e Brew Master
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    $20 resistance again
     
  4. Arif Qadri

    Arif Qadri New Member

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    From what I understand, Lucid business strategy is to differentiate itself as a premium, luxury brand, if they succeed to establish themselves then they would trade at a premium to their peer group.
     
  5. StockJock-e

    StockJock-e Brew Master
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    I will need to see real world testing confirm this, but if true, this is great for the EV market

    upload_2021-9-16_15-8-35.png
     
  6. emmett kelly

    emmett kelly Well-Known Member

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    interesting name for a car company. who comes up with this stuff? i wouldve gone with lambent.

    lucid
    [ˈlo͞osəd]
    ADJECTIVE
    1. expressed clearly; easy to understand.
      "a lucid account" ·
      intelligible · comprehensible · understandable · cogent · coherent ·
      rational · sane · in one's right mind · in possession of one's faculties ·
      bright · shining · gleaming · luminous · radiant · brilliant · glowing · dazzling · lustrous · luminescent · phosphorescent · lucent · lambent · effulgent · refulgent
     
    #6 emmett kelly, Sep 16, 2021 at 6:14 PM
    Last edited: Sep 16, 2021 at 6:24 PM

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