CCIV - Why Churchill Capital IV Stock Is Up Today
Shares of Churchill Capital Corp IV (NYSE: CCIV) climbed as much as 4% higher on Friday morning after the closely watched SPAC and its merger partner Lucid Motors set a date to finalize their combination. It is a bit later than the companies had originally intended, and investors seem pleased to hear definitive word the deal is on track.
Lucid Motors is among the electric vehicle start-ups trying to position themselves as the next Tesla , and investors seem drawn to its prospects. The company's Air sedan should start rolling off the assembly line later this year, with plans to add an SUV and a home battery pack in the years to come.
Image source: Lucid Motors.
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Why Churchill Capital IV Stock Is Up Today