It doesn’t matter if you have $500 in savings or $5 million. Why Everyone Is Investing in 5G All WRONG Mark Hake writes about personal finance on and runs the Total Yield Value Guide which you can review here. Hake held a long position in Tesla (TSLA) stock. Either way, using an average estimate, including a 15% compounded discount rate on revenue, expect to see CCIV stock (LCID stock post-merger) hit $27.45 sometime in the next two years. In the coming weeks, up and coming luxury EV company Lucid Motors will be completing a SPAC merger with Churchill Capital Corp IV (CCIV). That is also a good return for most investors. In fact, even if it took two years for that price to happen, the return is still 15.59% annually on a compounded basis. That is still a very good potential return for most investors. The stock could end up trading anywhere between these two valuations, but the average is $27.45, or one-third higher. The bottom line here is that I have shown that CCIV stock is worth somewhere between $19.49 and $35.41 per share. So, despite what you hear about some SPACs being too speculative to invest in, this is a real company. It is a real company with real prospects and definite production. There’s no bull with this special purpose acquisition corporation (SPAC) merger. What’s more, management has now clearly said once again this past week that they expect to begin producing electric vehicles (EVs) by the second half of 2021. Casa Grande has very low prices for land and homes right now. I suspect they built there since this it’s one of the fastest-growing areas in Arizona. It takes less than an hour to get to and from Phoenix. Everyone stops in Casa Grande on the way to Tucson, and vice versa. It is in a highway town called Casa Grande (“Big House”) just off of I-10 that connects Phoenix and Tucson, the two largest Arizona cities. After all, I live in Arizona where the first Lucid factory has been built (just south of Phoenix). But first, I want you to know, that I have more than a passing interest in this situation. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. But the deal is being held up, in part, by spam filters.
Accordingly, investors seem to have their risk-on hats on today, driving up CCIV stock in anticipation of this call. Lucid Motors is on the precipice of completing a merger that will give the Saudi-owned electric vehicle startup 4.5 billion in fresh capital. While most likely a pep rally for Lucid shareholders, there remains some outsized possibility of a key announcement coming tomorrow. There’s also some anticipation this shareholder call could bring about some juicy announcement.
Any further visibility into these key inputs will vastly change models for CCIV stock. After all, the SPAC merger date and Lucid Air production date are details investors are closely watching right now. Normally a typical order of business, any opportunity for investors to get more details on what the company’s projections are for this year is being viewed positively right now. CCIV Stock Higher on Upcoming Shareholder CallĪs InvestorPlace Assistant News Writer Brenden Rearick wrote in a recent piece, Lucid Motors is hosting a shareholder call on July 13.
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