Key Lucid Motors Updates, Including How To Watch 'The Lucid Motors Experience'

Lucid Motors is set to go public via the special purpose acquisition company Churchill Capital Corp IV CCIV in the second half of 2021.

What Happened: Lucid Motors announced its event "The Lucid User Experience" will be held virtually via YouTube at 1 p.m. EDT Wednesday. 

Lucid Motors provided these updates for investors as of May 11:

• The Lucid Air Dream Edition is fully reserved. Total reservations are above 9,000.
• The company is on track to begin production of the Lucid Air for customer deliveries in the second half of 2021.

• 74 pre-production vehicles have been built in the manufacturing facility in Arizona.

• Additional retail and service locations in New York, Illinois, Arizona and California are set to open over the next two months.

See Also: If You Invested $1,000 In The Churchill Capital IV IPO, Here's How Much You'd Have Now

CCIV Price Action: Churchill Capital Corp IV traded as high as $64.86 as investors anticipated its merger announcement with Lucid Motors. Since the announcement on Feb. 22, the stock has trended lower.

At last check Wednesday, the stock was down 0.15% at $20.25. 

Photo courtesy of Lucid Motors.