Churchill Capital IV Skyrockets 50%

  1. BrendaKnight
    BrendaKnight
    There has been a lot of buzz around the Churchill Capital Corp IV (CCIV) merger with Lucid Motors Inc. The volume on CCIV has turned from a flat line too long lines which is how the stock is by today 50% up. Even if the deal has not yet been confirmed, the speculation is driving the stock price. Even today in the pre-market the stock price is up 8%.

    Lucid Motors are backed by Saudi Arabia’s sovereign wealth fund, known as the Public Investment Fund (PIF) which bought a huge stake of the company in 2019 for the price of $1 billion. The PIF used to hold a stake of 5% in Tesla but gave it all up in 2020. Lucid is a new rising competitor in the EV market and mostly for Tesla. Both companies have a sedan type of vehicle and in recent researches, we found out that the Lucid Motors Air sedan type has a maximum capacity of 517 miles compared to Tesla of 400 miles.
  2. Ikaykel
    Ikaykel
    Great review, thank you.
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