- Lucid Motors is set to go public in Q2 2021 via the Churchill Capital IV special purpose acquisition company.
- Its first luxury vehicle, Lucid Air is set to launch in late 2021, with investors drawing inevitable comparisons to Tesla.
- The company benefits from strong backing from the Saudi Arabian public investment fund and has made key personnel hires during their journey which bode well for future development.
- A sky-high valuation and execution risk mean this stock requires further examination and evidence of progress before committing.
For further details see:
Lucid: Why There May Be Better Places To Park Your Cash For Now