ago***edu02/23/2021 06:02
$Lucid Group Inc 24B at 15$ means a 40$ price brings current valuation To 64B on a company that hasn‘t started delivering cars yet. the problem is not That Lucid received a high valuation. The problem is CCIV valued Lucid LESS than what it is currently trading at, which is why it Dropped 30%, and it still has another 50-65% it needs to drop to meet the valuation CCIV gave of lucid. look for reentry around 20$
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