How Can I Buy Lucid Motors Stock Today?

You can buy Lucid Motors stock now, just not under that name. Lucid merged with publicly traded Churchill Capital Corp IV in February 2021. Churchill is listed on the NYSE under CCIV. That's how you can buy stock in Lucid right now. Lucid will be listed on the Nasdaq Exchange in July 2021 under LCID. Lucid's S-4 Registration Statement has been blessed by the SEC; Lucid's July Nasdaq debut happens after the company's shareholder meeting.

What Is Lucid Motors?

Lucid began life in 2007 under a different name, Atieva. The company built batteries and powertrains for electric vehicles. In October 2016, the company rebranded as Lucid Motors and announced that it would develop an all-electric, high-performance luxury vehicle, to be named the Lucid Air. One month later, in November 2016, Lucid announced plans for a $700 million manufacturing plant to be built in Casa Grande, Arizona. In April 2019, Lucid completed a deal with the Public Investment Fund of Saudi Arabia for a $1 billion investment to help fund the Casa Grande facility. In February 2021, Lucid merged with Churchill Capital Corp IV in a deal valued at $11.75 billion.

Where Are The Cars?

There aren't any cars. At least, not yet. Lucid says it expects to produce 575 vehicles in the second half of 2021, generating $100 million in revenue. The company is forecasting huge growth in 2022, with the delivery of 20,000 vehicles. Lucid says it has over 10,000 reservations for its vehicles, each coming with a deposit.

Lucid Motors is going after Tesla because Tesla has controlled the luxury EV space. That's because Tesla has been the only player in that space. Now, with Tesla's cancellation of its luxury SUV Plaid+, Lucid plans to fill that void.

Lucid stock is seen as one that could have a huge upside. Lucid is a pure-play EV manufacturer and its partner, Churchill Capital Corp IV is a special purpose acquisition company. The electric vehicle market could be one of the hottest growth markets in the world.

Is Lucid Selling Cars Or Ideas?

Lucid is selling the idea of a great electric vehicle. The company is finally at the point where the cars will soon begin to come off the assembly line, sometime in late 2021. Lucid is selling cars at what it calls its "Studios." Not showrooms, studios. The company recently opened its New York studio and says it expects to have a total of 20 studios in North America by the end of 2021. Potential buyers can take virtual test drives in Lucid's studios and work directly with designers to create their custom model of the Lucid Air.

Lucid has several things going for it: its CEO is the former VP/Engineering at Tesla; it has hired the former head of design at Mazda's North American division. It is moving into a product space that the current leader, Tesla, is leaving. Lucid's manufacturing plant is up and running. The long-term upside for Lucid could be big.