11. Can Lucid Motors Rival Tesla | $CCIV Buy or Sell?

The merger between Lucid and Klein’s Churchill Capital IV Corp ($CCIV) would be the biggest in a string of deals by electric vehicle makers such as Nikola Corp and Fisker Inc that have gone public by combining with special purpose acquisition companies (SPACs). The combined Lucid entity could be valued at roughly $15 billion. It's a real competitor to Tesla, and critics have praised its new all-electric vehicle, the Lucid Air. The company is set to launch its flagship model, the Air Dream Edition, in the second half of 2021. In December, Lucid completed its first factory, in Casa Grande, Arizona, where it expects to eventually produce 400,000 cars annually.