As of July 23, 2021, Churchill Capital Corp IV was acquired by Lucid Motors USA, Inc., in a reverse merger transaction. Churchill Capital Corp IV does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.
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Hey why are panicking. In 2009 the stock price was $17 and the first Tesla S was in 2012. So common be patient and not panicking. I think there will be a start price of 20$ of the stock. And Rome was not build in 1 day.
This like real example of investing in SPAC . Avoid any SPAC in future . No buyers for now . All sellers. I think this CCIV or LCID will go above 60$ after 2 years . Alot of bag holders in this stock any buyer after merging lost money.
It will not surprised me if the stock price will be higher at the opening at the first day of the ticker LUCID. Big boys won again. The stock will go lower this week and maybe next week. Ik think it wil back to the 10$ the original of the spac price. But I am bull here maybe the only one fighting against the bears.
Not trying to be a “bear”, but this stock will go to $20 or less before it starts moving up again. $40 billion market cap when it should be $8 billion! Do some research before investing heavy! Goodluck
Billy shevetz It’s so crazy to read post like yours you are correct he is not Elon musk but he designed Tesla’s premier car as the head engineer which makes him slightly more advanced then Elon at actually producing the vehicle Elon had a vision which was amazing however he needed someone to make the vision real