CCIV Stock Forecast: Churchill Capital Corp IV: Jim Cramer boosts shares with Lucid Motors interview

"I welcome the competition" – the headline from the interview that Lucid Motors CEO Peter Rawlinson gave to CNBC's Jim Cramer has been rattling investors. The colorful TV host has endorsed the upstart electric vehicle company that recently announced its SPAC merger with Churchill Capital Corp IV (NYSE: CCIV) and that has certainly helped shares. Cramer also called it "the next Tesla."

Lucid's luxury cars have been critically acclaimed by automotive experts, which compare it favorably to Elon Musk's firm, the industry leader. Rawlinson held a senior position at Tesla before starting his own firm. 

On the other hand, some doubt that the small company from Arizona can compete with Musk's celebrity status and with Tesla's now stable production and improving prospects. 

Even if Lucid Motors (under the CCIV ticker) has a chance against highly valued TSLA, can both put up a fight against Apple? The maker of iPhones and Mac computers is reportedly venturing into cars, with a valuation of over $2.1 trillion. Speculation suggests that Tim Cook's Apple is working with Korean carmakers such as Hyundai and Kia to roll out an Apple Car on the road. 

CCIV Price Prediction

NYSE: CCIV has closed Tuesday's session at $31.10, an increase of 8.44% – the highest closing level since February 23. Can it continue higher from this three-week peak? It is essential to remember that Churchill's stock suffered a "buy the rumor, sell the fact" response after the SPAC move. with the peak level of $64.86 looking elusive. 

The $30 level provides psychological support, with further cushions awaiting $26.84 and $24.46. Looking up, $34.85, a high point from before the soar and collapse is a critical level to watch.

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