Lucid Motors to go public via SPAC by merging with Churchill Capital
2:59
CNBCLeslie Picker
Lucid Motors to go public via SPAC by merging with Churchill Capital
Tesla competitor Lucid Motors is going public through a SPAC. It's combing with Michael Klein's Churchill Capital. The stock began selling off after spiking recently on deal speculation. CNBC's Leslie Picker explains why the market seems less than enthusiastic about the deal.
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