When will CCIV stock recover and go up?

Asked 4 years ago

Good morning traders. I'm on the lookout for multiple perspectives and research efforts. What are your predictions? When will Churchill Capital Corp IV go up again? Would you buy in the current low? Is it worth it? Thanks a mil!

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Andrew Moran

Tuesday, August 03, 2021

﻿Churchill Capital IV and Lucid Motors merged, forming Lucid Group (LCID).
That said, Lucid stock has slumped to around $23. The issue is that its first automobile, Lucid Air, is still in development. Investors will unlikely make any move until the electric vehicle comes to fruition.
But analysts are confident that the company could potentially compete with a brand like Tesla Motors. Lucid is also ostensibly confident as the latest document suggests the firm is constructing a second Lucid model, which is expected to be a luxury SUV. Production is expected for late 2023.
There is a lot of upside for Lucid, but when the stock will begin recovering is unclear until more news comes out.