The Daily Download: Featuring Lucid Motors

We have yet another EV SPAC going public. Lucid Motors reached an agreement to become a publicly traded company through a merger with Churchill Capital Funds IV Corp in the largest deal yet between a blank check company and an electric vehicle startup. Stock market investors valued Lucid Motors at $62 billion on Tuesday 2/23/21 mid-day, sparking some concerns about the real worth of the company which has yet to produce its first vehicle.