Lucid Motors' SPAC skids as $56 billion valuation sparks bubble concerns

Lucid Motors' SPAC skids as $56 billion valuation sparks bubble concerns

3 years ago
Anonymous $rH7oE7DjRg

https://www.reuters.com/article/us-lucid-motors-m-a-klein-stocks/lucid-motors-spac-skids-as-56-billion-valuation-sparks-bubble-concerns-idUSKBN2AN1RR

Shares of Churchill Capital IV Corp fell more than 40% on Tuesday, as its merger with electric vehicle maker Lucid Motors sparked concerns about the real worth of the company which has yet to start regular production.

Lucid Motors' SPAC skids as $56 billion valuation sparks bubble concerns

Feb 24, 2021, 12:30am UTC
https://www.reuters.com/article/us-lucid-motors-m-a-klein-stocks/lucid-motors-spac-skids-as-56-billion-valuation-sparks-bubble-concerns-idUSKBN2AN1RR >Shares of Churchill Capital IV Corp fell more than 40% on Tuesday, as its merger with electric vehicle maker Lucid Motors sparked concerns about the real worth of the company which has yet to start regular production.