Is Churchill Capital (CCIV) stock a long-term hold?

After it's merger with EV maker Lucid Motors, investors hope that the stock prices will grow over time.

However, because Lucid Motors is a startup, it might take a while for it to gain standing in the EV market.

Therefore, the CCIV is a good long-term stock that requires a patient investor.

It has been a rough couple of months for both the electric vehicle market and SPACs. It seems like every automobile company is going electric and every business wants to go the SPAC route.

That said, since the future of cars is EV, Churchill Capital (CCIV) is a good long-term investment with its Lucid Motors merger. Since hitting a record high of $64, CCIV shares have plummeted approximately 30%, and they are trading at just above $20. It is safe to say that this is a superb entry point.

But beyond pricing, here are some of the latest developments:

• Lucid management confirmed that it has 9,000 registrations for its Air sedans, up from about 7,000 in February.
• A user experience reveal could happen this week or sometime next month, allowing investors to see what these hyped-up EVs can achieve.
• There is speculation that there could be a CCIV-Apple partnership in the works.

Still, it is best to be cautious about this stock, even if another bull run is potentially on the horizon. It might be all about transparency for a long-term trade.

The electric vehicle market is likely here to stay for many decades to come, much like the automobile sector of the last century.

Every brand is hopping on the electric bandwagon, whether it is Ford or General Motors.

It might seem like a bubble right now, but the EV market has lots of long-term growth potential.

One of the most commonly talked about speculative securities is CCIV stock. Churchill Capital (CCIV), which is now Lucid Group (LCID) following its merger with Lucid Motors.

Right now, there are plenty of question marks, and these concerns are testing shareholders' patience and tolerance levels. Investors are still waiting for the company's first automobile. When it is released, it will inevitably be a key driver for short- or medium-term gains.

But the business seems optimistic about what it already has and about the future since it announced an electric luxury sedan scheduled for release in the next couple of years

Again, the market is waiting for some more details about this proposal and how it would differentiate from industry competitors. That said, this is a positive sign for future growth and the company's outlook and confidence.

Put simply, this is a good buy for any investor.