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There's a U.S.-based luxury electric vehicle maker called Lucid Motors…
And in case you haven't heard, the company plans to go public through a merger with a blank-check company by the name of Churchill Capital.
Because of this merger confirmation, now we can gauge CCIV's stock value based on the fundamental earnings potential that's coming out of Lucid Motors. That means all merger execution risk is eliminated and we can focus on just the company itself.
And if you look at the fundamentals, the Lucid Motors SPAC deal reminds me of Tesla about a decade ago, when there was major potential… but little else. | | |
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