Day after day, investors have actually been expecting developments regarding the expected service combination of unique purpose acquisition company (SPAC) Churchill Capital IV (NYSE: CCIV) with high-end electric vehicle maker Lucid Motors.
The anticipation has been developing, and also the CCIV stock buyers have bid the cost up.
“Lucid Motors is forecasting explosive revenue growth after announcing its plan to go public by merging with Churchill Capital Corp IV (CCIV) — which fell 38% in pre-market trade — at a $24 billion valuation, according to Bloomberg.
Traders who bought the rumors— about which I wrote on February 17 — and sold the news have created a buying opportunity for those who see Lucid as a viable competitor to Tesla.
If Lucid can deliver on its ambitious projections — 198% average annual revenue growth to $22.8 billion in 2026, according to its investor presentation — buying CCIV stock may be a risk worth taking. Here are three reasons:
Large market opportunity
Compelling customer value proposition
Rapid revenue growth”Source