Key Lucid Motors Updates, Including How To Watch ‘The Lucid Motors Experience’

Lucid Motors is set to go public via the special purpose acquisition company Churchill Capital Corp IV (NYSE: CCIV) in the second half of 2021.

What Happened: Lucid Motors announced its event “The Lucid User Experience” will be held virtually via YouTube at 1 p.m. EDT Wednesday.

Lucid Motors provided these updates for investors as of May 11:

• The Lucid Air Dream Edition is fully reserved. Total reservations are above 9,000.
• The company is on track to begin production of the Lucid Air for customer deliveries in the second half of 2021.

• 74 pre-production vehicles have been built in the manufacturing facility in Arizona.

• Additional retail and service locations in New York, Illinois, Arizona and California are set to open over the next two months.

See Also: If You Invested $1,000 In The Churchill Capital IV IPO, Here’s How Much You’d Have Now

CCIV Price Action: Churchill Capital Corp IV traded as high as $64.86 as investors anticipated its merger announcement with Lucid Motors. Since the announcement on Feb. 22, the stock has trended lower.

At last check Wednesday, the stock was down 0.15% at $20.25.

Photo courtesy of Lucid Motors.