6 Major Updates That Lucid Motors Just Provided Investors

Lucid Motors released an analyst day presentation last week as it drives toward closing its merger with special-purpose acquisition company (SPAC) Churchill Capital IV (NYSE: CCIV), providing investors with a handful of important updates as it approaches the start of production for its Air sedan. The SPAC's shares have remained weak in recent weeks, lacking any major positive catalysts. When the deal was first announced in February, Lucid had around 7,500 reservations, which climbed to 8,000 by the end of that month.