CCIV Stock Bubble Burst | How To turn a profit | EV Stock EXPOSE, New Tesla? SPAC Lucid Motors | Robinhood

January 24, 2021 News

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Friends today we again utter about CCIV Stock (Lucid Motors Merger) but in this video, I dive into how it’s a bubble and when it will burst. How to turn a profit from this CCIV Stock Bubble Burst (Stock Market Bubble).

CCIV Stock Bubble Burst | How To turn a profit | EV Stock EXPOSE, New Tesla? SPAC Lucid Motors | Robinhood Investing

Churchill Capital IV (NYSE: CCIV) (NYSE: CCIV) started off the week like most special-purpose acquisition companies (SPACs) that have yet to announce a target company to merge with: Trading around $10 per portion. As a reminder, SPACs are just piles of money sitting in a trust account and the vast majority of them are priced so that the net asset value (NAV) of each portion is $10. But then Bloomberg dropped a bombshell: Churchill Capital IV is in talks to merge with Lucid Motors, which many investors have called the next Tesla (NASDAQ: TSLA).

Lucid is one of the most prominent electric vehicle (EV) start-ups. Unlike many EV-related companies that have gone public and skyrocketed in recent months, sparking valuation concerns and utter of an EV bubble, Lucid is relatively more mature. Many of the more bubbly EV start-ups have seen their shares soar, even if they are development-stage companies with little to no revenue. In contrast, Lucid completed construction of its $700 million Arizona factory last month and is preparing to ramp production.

The speculative links:

Before the formal announcement of a target company, investing in SPACs is largely a bet on the management team. Since a lot of it boils down to personal connections, SPAC investors also like to find links between SPACs and potential targets, even though there are many other factors to consider.

In this case, many investors have noticed that Andrew Liveris sits on Lucid’s board of directors and is part of Churchill Capital IV’s operating team. Other prominent members of Churchill Capital IV’s team include Apple’s longtime design chief Jony Ive, Silicon Valley venture capitalist Sam Altman, and former Ford CEO Alan Mulally. Churchill Capital is led by Michael Klein, a Wall Street veteran that used to run Citigroup’s capital markets division.

Risky business:

If negotiations fall through or a deal fails to materialize, Churchill Capital IV stock will likely tank, underscoring the important risks of investing based on rumors and speculation. Theoretically, pre-target SPAC shares should never trade below $10 since that is what the pool of money is worth — some SPACs have briefly traded below $10 but arbitrageurs are more than happy to help correct that market mispricing — so that should be the extent of the downside risk.

But if the nascent EV maker and the SPAC ink (and afterwards close) a deal, public investors might very well be looking at the next Tesla.

CNBC’s David Faber said that while press speculation that Lucid Motors may go public through a merger with CCIV is true, not clear where the talks stand up.

#CCIV #Stocks #MarketBubble

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⚠️ Disclaimer
I’m not a certified Financial Advisor and you should always do your own due diligence and research when Investing.

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