Which indicators show that the stock of CCIV could be falling long-term?
Asked 4 years ago
Could Churchill Capital IV (CCIV) be falling? What are the indicators I should be looking out for? Thanks.
Andrew Moran
Friday, August 06, 2021
Right now, it is too difficult to tell if Churchill Capital IV, which is now Lucid Group (LCID), will grow long-term.
The main thing is that investors are waiting for the company to release its first electric vehicle, although the business is planning to release a luxury electric vehicle in the next couple of years.
Many analysts seem to believe that Lucid could compete with the likes of Tesla Motors. But it is too premature to determine this because traders want to know more about the vehicle in development.
Indeed, it was a successful SPAC, but reports suggest that patience is beginning to wane.
Until then, focus on the balance sheet and pre-orders.
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