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Day in, day out, investors have been looking for developments regarding the anticipated business combination of SPAC Churchill Capital IV (NYSE: CCIV) with luxury electric vehicle maker Lucid Motors, anticipation has increased and CCIV stock buyers have raised the price

As of Feb 22, the merger was not official so it’s really just a rumor, however, there are plenty of speculators buzzing with excitement about the proposed merger in the financial media and message boards

There’s a lot at stake here On Feb. On 12, Churchill Capital IV announced that the company had increased its IPO from 46 million units to 48 million units. After that, CCIV shares skyrocketed

I sometimes advise extreme caution after a stock price has skyrocketed.Nevertheless, Lucid Motors is a strong competitor in its niche, so owning CCIV stock at a high price could be worth it.

CCIV stocks didn’t always move that fast In fact, its stock barely moved from $ 10 in the fourth quarter of 2020, which isn’t uncommon for SPAC stocks that haven’t announced a merger target yet

Now let’s talk about the previously mentioned price surge on Feb. 11, CCIV stock was trading at around $ 3150 Just a few days later, on February 18, the share price exceeded $ 63

Obviously, the bulls are rushing ahead with CCIV stocks, on the flip side, value-minded investors might turn down the idea of ​​buying a stock after it has risen as much as Churchill Capital

That objection is understandable and unless you see a strong value proposition at Lucid Motors, the stock shouldn’t be considered a bargain. And even then, be aware that CCIV can be volatile for a while

Now that I’ve offered you some cautionary notes regarding CCIV stock, let’s move on to the assumed (albeit unconfirmed) merger target, Lucid Motors

As InvestorPlace employee Tezcan Gecgil points out, Lucid Motors is sometimes viewed as the new Tesla (NASDAQ: TSLA) in the luxury electric vehicle market

Is this a good thing or a bad thing for CCIV shareholders? The doubters could argue that it will be terribly difficult to compete directly against a famous brand like Tesla

The counter-argument would be that there is room for more than one luxury brand for electric vehicles. In addition, Peter Rawlinson, CEO of Lucid Motors, is a former Tesla engineer

Given his insider’s point of view, it’s very likely Rawlinson borrowed some of Tesla’s better ideas and features, so if any company deserves to be considered the next Tesla, it’s likely Lucid Motors

However, it is possible to rate Lucid Motors not by size but by rate of expansion. From this perspective, Lucid Motors is doing quite well

As you can see, Lucid Motors has been in fast expansion mode lately, which is undoubtedly a positive sign and should encourage CCIV shareholders

Even so, the stock is still worth considering as Lucid Motors is expanding rapidly and should be room for more than one successful luxury electric vehicle maker

At the time of writing, David Moadel held (neither directly nor indirectly) positions in the securities referred to in this article

David Moadel has provided compelling content on behalf of Crush the Street, Market Realist, TalkMarkets, Finom Group, Benzinga and (of course) InvestorPlace – and occasionally crossed the linecom He also acts as chief analyst and market researcher for Portfolio Wealth Global and is hosting of the popular financial YouTube channel Looking at the Markets

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World News – CA – Churchill Capital IV stock is a buy despite its recent ramp-up