Lucid has bloomed

In March I wrote about the merger between Churchill Capital and Lucid offering a SPAC to access public money. Fast forward to today October 29th 2021 and What was CCID is now LCID formally renaming the SPAC as a namesake vehicle for the public market. Naysayers were saying it would never be and there would be bureaucracy around it, particularly as the Car Manufacturer is so nascent without any history in the market.

Spiking those guns, Lucid has confirmed deliveries of their first mark of the Lucid Air, which is the flagship model fetching $169,000. With a pre-order booking of over 30,000. Meaning…