There’s a U.S.-based luxury electric vehicle maker called Lucid Motors…
And in case you haven’t heard, the company plans to go public through a merger with a blank-check company by the name of Churchill Capital Corp IV (NYSE: CCIV).
A blank-check company is what people call a company without a specific business plan or purpose but has said it plans to participate in a merger or acquisition with another group.
Because of this merger confirmation, we can now gauge CCIV’s stock value based on the fundamental earnings potential that’s coming out of Lucid Motors. That means all merger execution risk is eliminated and we can focus on just the company itself.
And if you look at the fundamentals, the Lucid Motors SPAC deal reminds me of Tesla Inc. (Nasdaq: TSLA) about a decade ago when there was major potential… but little else.
But a lot of people are wondering if the Lucid Motors SPAC deal could actually turn the tiny company into the next Tesla.
Lucid Motors is run by Peter Rawlinson, the former chief engineer on the Tesla Model S. Some of the other people who work under him are also former Tesla, Apple, Intel and Samsung executives.
This has to be the biggest group of talent in the industry in terms of management.
But the best part about the Lucid Motors SPAC deal is the technology behind it. In the past decade, Lucid Motors created what it calls “leap technology,” which controls its battery life (which I must say is stronger than Tesla’s) and ultra-fast charging.
Following its SPAC merger, Lucid Motors is likely to have about $5 billion on its balance sheet — that’s more than any other company in its space (outside of Tesla, of course).
Lucid Motors is already backed by strong demand. The company has received over 8,000 reservations, representing roughly $600 billion to $700 billion in potential sales.
That’s a pretty impressive feat, folks…
But that’s just a little about the company itself. To get more details about the Lucid Motors SPAC deal, check out my short video and feel free to share your thoughts in the comments section below.
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