Electric vehicle firm Lucid Motors to go public in $11.8 billion blank-check merger

Lucid was founded in 2007 as Atieva, a name it now uses for its engineering and tech arm that supplies batteries to electric racing circuit Formula E. The company first focused on electric battery technology before changing its name and shifting to an electric vehicle manufacturer in 2016, three years after Rawlinson joined the company to lead its technology development.

Rawlinson last year described SPAC deals as quick money, but not enough capital to bring a vehicle to production in-house, which has led firms such asPrior to the announcement with Klein's firm, Rawlinson said the company had the funding to start producing the Air at a plant in Casa Grande, Arizona, which is located southeast of Phoenix.

this looks dope

Scam

All these companies go public Hmm, Owners get billions of $ and the rest is history.

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it's practically free as long as you spend $22.1 Trillion.

This looks so much better than a Tesla!

CNBC always 4 hours late w/ tweets

Italia Ultime Notizie, Italia Notizie

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Tesla rival Lucid Motors to go public in $11.8 billion blank-check mergerLuxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at $11.75 billion. Wonder who’s stealing the designs. Over 180 machines placed and still growing! Contact us today for all your companies vending needs! click: I feel like any EV company is unfairly automatically labeled Tesla rival
Fonte: Reuters - 🏆 2. / 97 Leggi di più »

Shares of SPAC for electric car company Lucid plummet another 20% after merger announcementShares were down as much as 19.6% during midday trading, adding to a tumultuous week for the special purpose acquisition company, also known as a SPAC, jimcramer what’s your thoughts of this dirty spac deal
Fonte: CNBC - 🏆 12. / 72 Leggi di più »