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Bloomberg Was Wrong About Lucid Motors and Churchill Capital IV

TheMotleyFool

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Bloomberg Was Wrong About Lucid Motors and Churchill Capital IV

Lucid Motors and its upcoming merger with special-purpose acquisition company (SPAC) Churchill Capital IV (NYSE: CCIV) has been an epic saga over the past couple of months. It all started when Bloomberg published a report on Jan. 11 that said the two companies were in talks for a potential deal to take Lucid public.

Lucid has been one of the most promising private electric vehicle (EV) start-ups in recent years, and the report immediately sparked massive investor interest, particularly compared to the previous rumor that Churchill Capital IV was interested in buying a piece of DIRECTV from AT&T.