CCIV Stock BIG NEWS - Should You BUY LUCID MOTORS $22 Or TOO LATE? - CCIV Price Prediction

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Monday and next week in general will be really crazy for Churchill Capital or CCIV Stock. The rumors are building and the market is eagerly waiting to see if they WILL BE MERGING with the very promising electric vehicle company Lucid Motors. I am personally long CCIV stock right now and I will be going through the recent development in news when it comes to this merger and whether it will happen or not. I will also discuss my own opinion on whether I think right now is a good time to get into CCIV Stock or if Lucid motors is even worth investing in general. SO stay tuned guys!

So firstly looking at the stock chart for CCIV it has come a long way since my last video about a week ago, being up around 25% and when you compare it to the base share price of 10 dollars we have seen a gain of more than 120% so congratulations to everyone who bought in some days ago. Now SPACs such as Churchil Capital are very tricky when it comes to price action. Usually they go up alot on the rumors of a certain merger, then when the acquisition is actually announced AND CONFIRMED THAT IS WHEN THE STOCK USUALLY REALLY GOES UP ALOT, before people usually start taking profit after the merger.

As I am a long term investor and not a trader I am not very concerned about this short term price action as I think that IF CHURCHILL CAPITAL merges with LUCID MOTORS I will probably be holding on to lucid motors for years to come, with that said though I think even the traders have a nice opportunity to make good money here because IF THE MERGER GETS CONFIRMED, This stock could easily double or triple very quickly.

As you can imagine THERE HAS BEEN INSANE AMOUNTS of speculation about this merger because it would be such a big deal if it does happen. So let’s go through the recent news about it and summarize all the reasons why IT MIGHT HAPPEN. First of all though, what is even Lucid Motors and why does everyone want to be early investors in the company?

Lucid Motors is really one of the most prominent electric vehicle startups. These guys are quite mature and have come a long way really. You can see all their very nicely designed cars in the background by the way. And JUST LAST MONTH they completed the construction of their 700 MILLION DOLLAR FACTORY IN ARIZONA so they are preparing to REALLY RAMP UP PRODUCTION.

This facility will really be massive with just the initial capacity to produce and deliver 30 000 vehicles this year and the potential to go all the way to 400 000 vehicles annually in the future. And guys in just a couple months we will probably be seeing Lucid Air Sedans being delivered so this company is absolutely not just empty words. They have already come a long way, especially comparing them to other EV startups.

And lastly, what I find very interesting about Lucid is that it is packed with experienced Tesla engineers who probably left Tesla and moved over to Lucid to have the freedom to really do what they do best and fulfill their OWN VISIONS about how the cars should look and work. For example the CEO of Lucid Motors was actually chief engineer of the Tesla Model S before he left Tesla. They also have Tesla’s former manufacturing executive working for them so I am expecting these cars to be really advanced and futuristic.

Видео CCIV Stock BIG NEWS - Should You BUY LUCID MOTORS $22 Or TOO LATE? - CCIV Price Prediction канала Financial Dragon