Lucid is going public via a SPAC with Churchill Capital (CCX) which is worth $24 billion.
Lucid Chief Executive Peter Rawlinson said in a statement that the company was working to launch its electric luxury sedan, Lucid Air, this year, followed by the Gravity SUV in 2023.
Jim Cramer, on his Action Alerts Daily Rundown, broke down his thoughts on Lucid and Churchill.
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