Lucid Motors CEO: $60 billion valuation is a 'reflection of our technology'

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Lucid Motors CEO: $60 billion valuation is a 'reflection of our technology' CNBC Television
Tesla rival Lucid Motors to go public in biggest Spac deal to date Financial Times
Churchill Capital IV's Candlestick Chart Nailed the Top in the SPAC RealMoney
Lucid and $CCIV Provide an Unflattering Look Under the SPAC Hood Bloomberg
Lucid to go public via biggest SPAC deal to date Motor Authority
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Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is no longer the world’s richest person, according to Bloomberg Billionaires Index. What Happened: Musk was replaced by Amazon.com, Inc (NASDAQ: AMZN) CEO Jeff Bezos as the richest person on the list after Tesla shares fell 8.6% on Monday eroding $15.2 billion from his net wealth, according to Bloomberg. A tweet by Musk over the weekend which touched on the high valuation of Bitcoin (BTC) and Ethereum (ETH) furthered the entrepreneur’s decline in wealth. That said, BTC & ETH do seem high lol — Elon Musk (@elonmusk) February 20, 2021 Musk falls to second place on the Bloomberg Billionaire’s Index with a net worth of $183.4 billion, while Bezos has a net worth of $186.3 billion. Why It Matters: This month, Tesla invested .5 billion in Bitcoin and said it expects to accept the cryptocurrency as a means of payment in the near future. See also: How to Buy Bitcoin (BTC) Tesla’s $1.5 billion BTC investment is worth nearly .5 billion, a gain of almost 70%, at the press-time BTC price of $52,040.21. Market strategist Peter Schiff — a noted gold bug and a Bitcoin critic— commented on the decline in the prices of Tesla shares post the company’s BTC purchase. Two weeks after @elonmusk announced that he spent $1.5 billion of shareholder money buying Bitcoin, #Tesla stock entered a bear market, plunging 20% from its all-time high set on Jan. 25th, and 16% since disclosing the #Bitcoin buy. Not an example other CEOs will likely follow! — Peter Schiff (@PeterSchiff) February 22, 2021 Musk and Bezos have been trading places as the world’s richest persons since January 2021. Price Action: Tesla shares closed nearly 8.5% lower at $714.50 on Monday and fell almost 0.5% in the after-hours session. On the same day, Amazon shares closed 2.13% lower at $3,180.74. For news coverage in Italian or Spanish, check out Benzinga Italia and Benzinga España. Photo courtesy: Forbes via Wikimedia See more from BenzingaClick here for options trades from BenzingaAnother Elon Musk Dogecoin Tweet Sends Speculators AflutterPalantir Replaces GameStop As WallStreetBets' Top Interest© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is no longer the world’s richest person, according to Bloomberg Billionaires Index. What Happened: Musk was replaced by Amazon.com, Inc (NASDAQ: AMZN) CEO Jeff Bezos as the richest person on the list after Tesla shares fell 8.6% on Monday eroding $15.2 billion from his net wealth, according to Bloomberg. A tweet by Musk over the weekend which touched on the high valuation of Bitcoin (BTC) and Ethereum (ETH) furthered the entrepreneur’s decline in wealth. That said, BTC & ETH do seem high lol — Elon Musk (@elonmusk) February 20, 2021 Musk falls to second place on the Bloomberg Billionaire’s Index with a net worth of $183.4 billion, while Bezos has a net worth of $186.3 billion. Why It Matters: This month, Tesla invested .5 billion in Bitcoin and said it expects to accept the cryptocurrency as a means of payment in the near future. See also: How to Buy Bitcoin (BTC) Tesla’s $1.5 billion BTC investment is worth nearly .5 billion, a gain of almost 70%, at the press-time BTC price of $52,040.21. Market strategist Peter Schiff — a noted gold bug and a Bitcoin critic— commented on the decline in the prices of Tesla shares post the company’s BTC purchase. Two weeks after @elonmusk announced that he spent $1.5 billion of shareholder money buying Bitcoin, #Tesla stock entered a bear market, plunging 20% from its all-time high set on Jan. 25th, and 16% since disclosing the #Bitcoin buy. Not an example other CEOs will likely follow! — Peter Schiff (@PeterSchiff) February 22, 2021 Musk and Bezos have been trading places as the world’s richest persons since January 2021. Price Action: Tesla shares closed nearly 8.5% lower at $714.50 on Monday and fell almost 0.5% in the after-hours session. On the same day, Amazon shares closed 2.13% lower at $3,180.74. For news coverage in Italian or Spanish, check out Benzinga Italia and Benzinga España. Photo courtesy: Forbes via Wikimedia See more from BenzingaClick here for options trades from BenzingaAnother Elon Musk Dogecoin Tweet Sends Speculators AflutterPalantir Replaces GameStop As WallStreetBets' Top Interest© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Elon Musk Lost $15B In A Single Day And The Cause Could Be One Of His Own Tweets

Bloomberg - Are you a robot?

Lucid Air. Lucid Churchill Capital IV fell as much as 45% on Tuesday after Lucid Motors struck a deal to go public via the SPAC.The deal will g...The deal will generate about $4.4 billion in cash for Tesla rival Lucid, which plans to use the funds to expand its manufacturing facility in Arizona.

Churchill Capital Corp IV plunges 45% after Lucid Motors strikes SPAC deal to go public with a $24 billion valuation | Markets Insider

Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at a pro-forma equity value of $24 billion.Luxury electric vehicle maker Lucid Motors on Monday agreed to go public by merging with blank-check firm Churchill Capital IV Corp in a deal that valued the combined company at a pro-forma equity value of $24 billion.

Tesla rival Lucid Motors to go public in $24-billion mega SPAC deal

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The funding move comes ahead of the release of the Lucid Air, a premium electric sedan initially priced at $169,000, in the second half of 2021.The funding move comes ahead of the release of the Lucid Air, a premium electric sedan initially priced at $169,000, in the second half of 2021.

Lucid Motors Going Public In Merger With Churchill Capital Valued At $24 Billion

Many electric-vehicle startups are going public without even having a product on sale. Many electric-vehicle startups are going public without even having a product on sale.

Lucid to go public via biggest SPAC deal to date

Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup. The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction […]Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp, in the largest deal yet between a blank-check company and electric vehicle startup. The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction […]

Lucid Motors strikes SPAC deal to go public with $24 billion valuation – TechCrunch

Lucid Motor has agreed to go public by merging with blank-check firm Churchill Capital IV Corp..After the price announcement of the Lucid sedan, Elon Musk lowered the price of its flagship Tesla Model S.Lucid Motor has agreed to go public by merging with blank-check firm Churchill Capital IV Corp..After the price announcement of the Lucid sedan, Elon Musk lowered the price of its flagship Tesla Model S.

Tesla rivaling luxury electric vehicle maker Lucid Motors to go public

Lucid Motors is on the verge of going public via Michael Klein's Churchill Capital SPAC. Reports in Bloomberg and other sources over the weekend appeaLucid Motors is on the verge of going public via Michael Klein's Churchill Capital SPAC. Reports in Bloomberg and other sources over the weekend appea

Churchill Capital Corp (CCIV Stock) Price and News: Lucid Motors said to go public via SPAC

The firm is benefitting from a wave of investments in EV startups, spurred by a rise in Tesla shares in the past year.The firm is benefitting from a wave of investments in EV startups, spurred by a rise in Tesla shares in the past year.

The reverse-merger will give Lucid a $4.4 billion cash injection.

Lucid Is Officially Going Public At A $24 Billion Valuation | Carscoops

Crunchbase News' top picks of the news to stay current in the VC and startup world.

The Briefing: Lucid Motors Going Public Via SPAC, Serena Closes €300M Fund, And More – Crunchbase News

Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein.Lucid Motors Inc. is nearing a deal to go public through a merger with a blank-check company started by investment banker Michael Klein that could be announced early this week, according to people

Lucid Motors Reportedly Near Deal to Go Public | Transport Topics

Lucid plans to go public through a reverse merger with a blank-check company started by veteran investment banker Michael Klein.Lucid plans to go public through a reverse merger with a blank-check company started by veteran investment banker Michael Klein.

Lucid Motors Inc. is merging with a blank-check company run by financier Michael Klein that values the combined entity at a pro forma equity value of $24 billion, the biggest in a series of deals involving electric-vehicle startups cashing in on investor appetite for battery-powered cars.

Lucid Motors Agrees to Go Public With $24 Billion Valuation - BNN Bloomberg

Tesla rival Lucid Motors to go public in $24-billion mega SPAC deal | Reuters

Lucid is not like the other EV start-ups. Here's why.Lucid is not like the other EV start-ups. Here's why.

Lucid Motors Is Going Public: A First Look at a Huge EV Deal | The Motley Fool

The Lucid Motors–CCIV deal has been confirmed, and features a record PIPE investment. However, CCIV stock tumbled on the news.The Lucid Motors–CCIV deal has been confirmed, and features a record PIPE investment. However, CCIV stock tumbled on the news.

The Lucid Motors PIPE: Did CCIV Investors Get a Raw Deal?

The stock price of Churchill Capital Corp IV (NYSE: CCIV) is trading at over 10% pre-market. This is why it happened.The stock price of Churchill Capital Corp IV (NYSE: CCIV) is trading at over 10% pre-market. This is why it happened.

CCIV Stock Price Increases Over 10% Pre-Market: Why It Happened

BENGALURU (REUTERS) - Luxury electric vehicle maker Lucid Motors on Monday (Feb 22) agreed to go public by merging with blank-check firm Churchill Capital IV in a deal that valued the combined company at US$11.75 billion (S$15.5 billion).. Read more at straitstimes.com.Companies & Markets News -BENGALURU (REUTERS) - Luxury electric vehicle maker Lucid Motors on Monday (Feb 22) agreed to go public by merging with blank-check firm Churchill Capital IV in a deal that

Tesla rival Lucid Motors to go public in US$11.8b blank-check merger, Companies & Markets News & Top Stories - The Straits Times

Lucid Motors announced today a definitive merger agreement with Churchill Capital Corp IV, a special purpose acquisition company.Lucid Motors announced today a definitive merger agreement with Churchill Capital Corp IV, a special purpose acquisition company.

Lucid Motors Goes Public With Largest Ever EV SPAC Deal

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The luxury electric vehicle-maker is headed up by Briton and ex-Tesla engineer Peter RawlinsonThe luxury electric vehicle-maker is headed up by Briton and ex-Tesla engineer Peter Rawlinson

Tesla rival Lucid Motors to go public in $24bn mega Spac deal

Rumors have been circulating of a merger between Churchill Capital and Lucid Motors, a maker of luxury electric vehicles.Rumors have been circulating of a merger between Churchill Capital and Lucid Motors, a maker of luxury electric vehicles.

Churchill And Lucid - Wait For A Better Entry Point (NYSE:CCIV) | Seeking Alpha

Lucid Motors will go public via a merger before it sells its first electric car, setting the company's value at more than $11 billion.Lucid Motors will go public via a merger before it sells its first electric car, setting the company's value at more than $11 billion.

Lucid Motors is going public before it starts selling EVs | Engadget

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US electric carmaker Lucid Motors announced on Monday that it will go public via a merger with a company that values it at $24 billion (&euro;19.71bn). The CalUS electric carmaker Lucid Motors announced on Monday that it will go public via a merger with a company that values it at $24 billion (€19.71bn). The California-based start-up has chosen to go through a SPAC, or a ‘Special Purpose Acquisition Company’, which is a company with no commercial...

Electric carmaker start-up Lucid Motors to go public

Lucid Motors is going public via a SPAC deal that will fund its factory expansionLucid Motors is going public via a SPAC deal that will fund its factory expansion

Lucid Motors to go public in SPAC deal - Axios

The Churchill (CCIV) SPAC's merger with Lucid Motors has been anticipated for a long time, leading to big moves in the stock.The Churchill (CCIV) SPAC's merger with Lucid Motors has been anticipated for a long time, leading to big moves in the stock.

A CCIV–Lucid Motors Merger Announcement Looks Imminent

After months of speculation, one of the most talked about SPAC deals has been confirmed. What Happened: Electric vehicle company Lucid Motors is going ...After months of speculation, one of the most talked about SPAC deals has been confirmed. What Happened: Electric vehicle company Lucid Motors is going public in a SPAC merger with...

Churchill Capital Corp IV (NYSE:CCIV), Tesla Motors, Inc. (NASDAQ:TSLA) - Lucid Motors Confirms SPAC Merger With Churchill Capital Corp IV | Benzinga

Luxury electric vehicle manufacturer Lucid Motors is on the fast track to expansion, so CCIV stock is worth owning even at a high valuation.Luxury electric vehicle manufacturer Lucid Motors is on the fast track to expansion, so CCIV stock is worth owning even at a high valuation.

CCIV Stock Is a Buy Despite Rumor-Fueled Run-Up | InvestorPlace

Lucid Motors and special purpose acquisition company (SPAC) Churchill Capital have announced that they have come to terms with a definitive merger agreement. Lucid will officially go public after rumors have circulated recently, and the two companies will combine at a transition equity value of $11.75 billion, the companies announced in a statement earlier today. […]

Lucid Motors to go public after merger agreement with Churchill Capital

Lucid Motors and the SPAC Churchill Capital Corp. IV have now made their rumored merger agreement official with a formal merger agreementLucid Motors and the SPAC Churchill Capital Corp. IV have now made their rumored merger agreement official with a formal merger agreement

Lucid Motors and the SPAC Churchill Capital Corp. IV (CCIV) Are Finally Merging – Transaction Values the EV Company at $24 Billion

The stock price of Churchill Capital Corp IV (NYSE: CCIV) fell by over 35% pre-market. This is why it happened.The stock price of Churchill Capital Corp IV (NYSE: CCIV) fell by over 35% pre-market. This is why it happened.

CCIV Stock Price Falls Over 35% Pre-Market: Why It Happened

CCIV stock is plunging after confirming a Lucid Motors SPAC merger. Here's why, and what to know about the EV deal moving forward.CCIV stock is plunging after confirming a Lucid Motors SPAC merger. Here's why, and what to know about the EV deal moving forward.

CCIV Stock: 10 Things to Know About the Lucid Motors SPAC Merger | InvestorPlace

After weeks of spiking share prices for a blank-check company rumored to be targeting the acquisition of electric-vehicle company Lucid Motors, the two...After weeks of spiking share prices for a blank-check company rumored to be targeting the acquisition of electric-vehicle company Lucid Motors, the two...

Lucid Motors finally confirms SPAC deal, and the stock is plunging - MarketWatch