The merger talks between Churchill Capital Corp. IV (NYSE:CCIV) (CCIV) and Lucid Motors Inc. are in "no way" a done deal, CNBC's David Faber reports, citing sources. Bloomberg on January 11, 2021 reported that electric vehicle maker Lucid is in talks to go public through a merger with one of Michael Klein's special purpose acquisition companies, Churchill Capital Corp.

IV. A transaction could be valued at up to $15 billion, sources told Bloomberg.