![]() LCID Group stock debuted on the market at $25.24 a share and ended the first trading day at $26.83 a share, 10.64% higher than the opening price. Lucid stock performance and price drivers In December 2019, the company began construction on the Arizona facility. The money will help fund the development, testing and production of Lucid Air, as well as the construction of a manufacturing facility in Arizona and the launch of the company's retail strategy in North America. In 2018, Saudi Arabia's Public Investment Fund (PIF) invested more than $1bn in Lucid Motors. ![]() By August 2022, the company had 37,000 reservations for Lucid Air and had delivered 679 units to customers. The company’s main product is the Lucid Air electric luxury sedan. The firm started to develop high performance, luxury EVs in 2016 when it was rebranded as Lucid Motors. The company was founded by Sam Weng, a former co-founder and vice president (VP) of sales and marketing at Astoria Networks, former Tesla ( TSLA) vice president Bernard Tse and inventor Sheaupyng Lin.Īt first, Atieva focused on developing electric batteries and powertrains for other vehicle manufacturers. On July 26, 2021, Lucid Group became a publicly listed company trading on the Nasdaq Global Select Market with its Class A common stock and public warrants listed under the new ticker symbols 'LCID' and 'LCIDW', respectively. IV (CCIV) on July 23, 2021. As the merger completed, CCIV stock was delisted from the New York Stock Exchange (NYSE), where it had traded since July 2020. The combined company operates as Lucid Group, which is also involved in energy storage and original equipment manufacturing. Lucid Motors (LCID) is a California-based electric vehicle (EV) manufacturer. Lucid completed a merger with special purpose acquisition company ( SPAC) Churchill Capital Corp. Who owns Lucid stock? We examine the biggest Lucid Group shareholders and what prompts them to hold the company’s stock. US30 US Wall Street 30 (USA 30, Dow Jones)
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