CCIV - Could Lucid Motors Be A Millionaire-Maker Electric Vehicle Stock?
There has been a lot of buzz around electric vehicle (EV) companies as of late. In April, Toyota unveiled plans for 15 new battery-electric vehicles . In May, Ford debuted the Lightning, an all-electric version of its famed F-150.
Whether it's a legacy automaker diversifying its product line or a pure-play start-up, several players are now gunning for a share of the growing EV market. Despite all the competition, few companies seem to compare with Lucid Motors, which plans to raise $4.6 billion in cash through a merger with a SPAC called Churchill Capital IV (NYSE: CCIV) . Here's why Lucid Motors could be a millionaire-maker growth stock worth buying now.
Image source: Lucid Motors.
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Could Lucid Motors Be A Millionaire-Maker Electric Vehicle Stock?