|

CCIV Stock Price: Lucid Motors – Churchill Capital IV edges higher but bounces off resistance

  • NASDAQ:LCID gained 0.53% on Thursday, and lagged the broader markets overall.
  • Biden’s new infrastructure bill is edging closer, and U.S. made EVs could benefit.
  • Ford stock gains as Tesla is snubbed from EV White House summit.

NASDAQ:LCID hasn’t quite had the Wall Street debut its investors were looking for after its merger closed at the end of July. On Thursday, shares of LCID added 0.53% to close the trading day at $22.75. It was a positive day for the markets overall, so the fact that Lucid lagged the S&P 500 and NASDAQ is not exactly a bullish outlook. Shares jumped early in trading and hit as high as $23.29, but anything above $23.00 was acting as resistance and the stock got knocked back down by the closing bell. 


Stay up to speed with hot stocks' news!


President Biden’s new infrastructure bill looks like it is approaching completion, as the bipartisan plan is close to being signed off on. What does this mean for electric vehicle companies? It’s no secret that the Biden administration has been bullish on renewable energies and electric vehicles, so the upcoming infrastructure bill will have more incentives for U.S. based companies. Transportation infrastructure is getting a massive boost, which should lead to a major upgrade of the country’s charging networks. 

CCIV stock news

Speaking of President Biden, the White House is hosting U.S. electric vehicle automakers on Thursday as they pledge to boost sales in the U.S. by 40-50% by 2030. The companies that were invited are Ford (NYSE:F), General Motors (NYSE:GM), and European company Stellantis, and much was made on social media about Elon Musk and Tesla (NASDAQ:TSLA) not being included. Perhaps since Tesla is already 100% electric, it would have been fruitless to invite the company to a summit that talks about increasing the percentage of EV sales. 


Like this article? Help us with some feedback by answering this survey:

Premium

You have reached your limit of 3 free articles for this month.

Start your subscription and get access to all our original articles.

Subscribe to PremiumSign In

Author

More from Stocks Reporter
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD bounces toward 1.1750 as US Dollar loses strength

EUR/USD returned to the 1.1750 price zone in the American session on Friday, despite falling Wall Street, which indicates risk aversion. Trading conditions remain thin following the New Year holiday and ahead of the weekend, with the focus shifting to US employment and European data scheduled for next week.

GBP/USD nears 1.3500, holds within familiar levels

After testing 1.3400 on the last day of 2025, GBP/USD managed to stage a rebound. Nevertheless, the pair finds it difficult to gather momentum and trades with modest intraday gains at around 1.3490 as market participants remain in holiday mood.

Gold trims intraday gains, approaches $4,300

Gold retreated sharply from the $4,400  area and trades flat for the day in the $4,320 price zone. Choppy trading conditions exacerbated the intraday decline, although XAU/USD bearish case is out of the picture, considering growing expectations for a dovish Fed and persistent geopolitical tensions.

Cardano gains early New Year momentum, bulls target falling wedge breakout

Cardano kicks off the New Year on a positive note and is extending gains, trading above $0.36 at the time of writing on Friday. Improving on-chain and derivatives data point to growing bullish interest, while the technical outlook keeps an upside breakout in focus.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).