CCIV News and Press, Lucid Group Inc Com From 03/10/21

Electric vehicle startup Lucid Motors (LUCIDM) has an undisclosed commitment to build an assembly plant in Saudi Arabia, according to The Wall Street Journal.The report indicates that the "potentially costly promise" was made as part of the company accepting more than $1B in financing from th...

High-quality EV stocks are oversold from early February market highs. The Senate passed a $1.9 trillion stimulus package and new money will hit the stock market soon. The EV market is still a wonderful opportunity for long-term growth investors who can pick up high-quality stocks ...

The Starboard Value SPAC embedded a 1/6th tontine warrant in its shares. This structure is similar to that of the well-known Pershing Square Tontine Holdings. If you adjust the share price for this embedded warrant, it's the lowest priced SPAC that has announced a deal by quite a ...

The rally is electric vehicles stocks is intensifying today as a number of Wall Street firms came out with strong defenses along with some new initiations. Strong EV sales reported out of China and more murmurings of EV legislation in D.C. are also providing tailwinds today. Notable gainers i...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Stitcher and Spotify. Market mentalityOver the weekend, the Senate passed a $1.9T coronavirus relief bill that contains $1,400 stimulus checks for many Americans, $300/week more...

Electric vehicle company Canoo went public through a SPAC deal with Hennessy Capital Acquisition Corp. IV but saw its share price decline significantly from recent highs. The company plans to enter multiple EV categories with a unique subscription-service and skateboard technology whi...

The electric vehicle sector is facing some shocks as investors have also pulled back from riskier stocks across the market.Over the last four weeks, the sell-off has hit names like Workhorse Group (WKHS) -62%, XPeng (XPEV) -41%, Nikola (NKLA) -39%, Electrameccanica (SOLO) -38%, Nio (NIO) -34%...

Exxon Mobil was removed from the Dow Jones Industrial Average on Monday, Aug. 31, 2020. Salesforce.com replaced Exxon Mobil in the DJIA. Since that date, Exxon Mobil has vastly outperformed Salesforce.com, with XOM shares rising 56.3%, and CRM shares declining 24.6%. This perf...

The market is in the midst of a rotation out of high-flying technology stocks. Electric vehicle (EV) names are no exception. Shares of Workhorse Group (NASDAQ: WKHS) , Nikola (NASDAQ: NKLA) , and Churchill Capital IV (NYSE: CCIV) are all down as well today, thoug...

High-profile special purpose acquisition companies like Pershing Square Tontine Holdings (PSTH) and Social Capital Hedosophia Holdings V (IPOE) are tanking Friday as investors suddenly grow wary of the frothy asset class.IPOE, founded by swashbuckling venture-capital investor Chamath Palihapi...