In 2007, Lucid Motors (LCID) introduced itself as an enterprise that develops next-gen electric vehicle technology. Since the beginning, Lucid has been both praised and criticized. Recently, this company has been gaining investors' trust and has been rallying nicely. On July 23rd, Lucid Motors went public after merging with Churchill Capital Corp IV.  The company made its debut on the Nasdaq, and now operates under the name Lucid Group (ticker symbol LCID and LCIDW). This merger provided funding of approximately $4.4 billion to Lucid to facilitate the company's growth. Using this capital, the company plans to launch its first in-house electric car, the Lucid Air, at the end of 2021.
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Lucid (NASDAQ:LCID)
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