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Jim Cramer Says Churchill Capital Got 'Too Close to the Sun'

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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.

Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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