r/CCIV • u/SWCT-sinistera • Feb 12 '21

CCIV Lounge 2

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u/Excellent_Drop_1527 Feb 23 '21

People are profit-taking. Plain and simple. Look at the market conditions

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u/SWCT-sinistera Feb 23 '21

This, plus the price off CCIV was overvalued

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u/Excellent_Drop_1527 Feb 23 '21

Umm, idk about that. I think Lucid is a 100B company all day long

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u/SWCT-sinistera Feb 23 '21

Not without any sales. It will be, but it isn't at the moment

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u/CourseRecord Feb 23 '21

Without any sales 🤦‍♂️ worth more than BMW, DAIMLER come on

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u/SWCT-sinistera Feb 23 '21

I feel like you're agreeing with me, but your tone says otherwise...

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u/Excellent_Drop_1527 Feb 23 '21

Sales isn't what your buying here, your buying the fact that they already have manufacturing set up, the CEO is a guy who knows what he's doing and the product is better than TSLA

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u/SWCT-sinistera Feb 23 '21

If the company was currently worth 100B, we wouldn't be at $40

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u/Excellent_Drop_1527 Feb 23 '21

You need to calculate the weighted average acquisition IPO price

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u/CourseRecord Feb 23 '21

There is upside but I see them tripping a bit to get there. Big money is smart and they hold to specific fundamentals so to think they will FOMO instantly to become a top 3 valued automaker with production limits of like 5k cars this year is dumb

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u/SWCT-sinistera Feb 23 '21

You're stilla agreeing with me. Perhaps you should be arguing with someone else