Lucid CEO Says Production of Debut Car Is Delayed

Feb.23 -- Electric-vehicle startup Lucid Motors Inc. is going public in a massive SPAC deal that gives the company a forma equity value of $24 billion. Lucid is merging with Churchill Capital Corp IV, the special-purpose acquisition company run by financier Michael Klein. Lucid CEO Peter Rawlinson says production of its debut car will be delayed until the second half of this year. He speaks with Bloomberg's Ed Ludlow.