We believe that Apple is unlikely to directly acquire Lucid Motors at this stage. However, this connection, on its own, is not enough to deduce a potential partnership. IV ( NYSE:CCIV), which is slated to merge with Lucid Motors by Q2 2021. Ive serves as an operating partner at the SPAC Churchill Capital Corp. To date, the most significant connection between Apple and Lucid Motors is that of Sir Jony Ive, the former chief designer at Apple who left the company back in 2019.
#Cciv lucid merger tv#
However, Apple’s EV gambit under Project Titan has created a fresh avenue for a collaboration between these two companies.Īn Unreleased Version of The Siri Remote for Apple TV Referenced in iOS 16 Beta Moreover, both view themselves as disruptors in their respective tech sphere. After all, both companies claim to market refined products that scream luxury. Given the similar design philosophy of Lucid Motors and Apple, it is not hard to imagine how the rumors of a partnership between the two began doing the rounds.
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Lucid Motors certainly has a knack for remaining the center of speculation in the SPAC universe, with the latest round of rumors revolving around a potential tie-up with Apple ( NASDAQ:AAPL). WCCF TECH INC has a disclosure and ethics policy.
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The author has no position in any of the stocks mentioned. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. Should shareholders vote as investors expect, Churchill could see additional buying pressure over the near term. These comments were compounded by a walkthrough of Lucid’s flagship New York Studio, which Evercore noted similar enthusiasm for.įinally, the company’s upcoming merger vote is increasingly being seen as a buy-the-news event. Indeed, Evercore appears to be more bullish than ever on Lucid’s products, after assessing its product line as well as its preorder increase and its potential commercialization ramp. On top of this press release, Evercore ISI came out “impressed” by Lucid’s product line following a test drive of the Grand Touring Edition Air. We have world-class technology, and we aim to make this a two-horse race.”
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That’s why it’s in that preeminent position. That’s why Tesla commands that market cap. And right now, there is one runner in that tech race, and it’s Tesla. He said the following, of the prospective “two-horse race” between Tesla (NASDAQ: TSLA) and Lucid, “Ultimately, it’s the technology that’s going to win, and what’s missing here is the recognition that this is a technology race. These preorders are “bona fide reservations with appropriate deposits.” Indeed, Lucid is being careful to specify this, given the preorder fiascos we’ve seen with other EV players.Īdditionally, in the company’s press release, Lucid’s CEO Peter Rawlinson made some interesting comments. In fact, the company boasts having 10,000 preorders for its flagship Lucid Air vehicle.
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The company reported recently that it has just reached a new milestone with respect to preorders. Perhaps the key catalyst driving shares of CCIV stock higher today is preorder data.