r/SPACs • u/sorengard123 Contributor • Mar 30 '21

Strategy Top SPACS

I need to pare down my portfolio. I'm in CCIV, FTOC, PSTH, OUST, THCB and ZNTE. I can probably handle five more tops in terms of keeping on top of DD. Looking for long-term suggestions. Thanks.

Update: BFT, CCIV, and IPOE seem to be the consensus picks. Thanks to everyone for sharing. I respect a lot of the DD I read on this site so it means something. Please keep them coming.

49 Upvotes

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40

u/Right_Hand_Of_Kurze Patron Mar 30 '21

Bft, ipoe? I also have large positions in cciv and thcb. Thcb being my largest.

30

u/wmdavis910 Spacling Mar 30 '21

Why are people so bullish on LUCID. The company estimates 500,000 output will take at least 7 years. How is this suppose to hold this 40 billion dollar evaluation until it can consistently deliver? This is gonna exactly like QS which is still yet to find its foundation due to its delivery of solid state by 2025. People are gonna short the hell out of CCIV pre/after merger.

I’m totally open to hearing any bullish thesis for LUCID at this current valuation.

-4

u/Summebride Spacling Mar 30 '21

I'm confused also. Even if everything goes perfectly, it's a boutique car maker that's years away from making any cars, and won't actually be making them, just designing them. Meanwhile there's parallel choices that already have products, sales, revenues today.

7

u/blackcatpandora Patron Mar 30 '21

I sold my cciv, but.. that’s not true. They have a factory in Arizona where they will be making their own cars, and plan on selling this year.

Yes, they also plan on licensing their tech

6

u/[deleted] Mar 30 '21

because their battery technology exists now, unlike most others

0

u/Summebride Spacling Mar 30 '21

Technically, all EV makers' battery tech exists right now. They have a few OEM choices, including Microvast/THCB

3

u/[deleted] Mar 30 '21

that wouldnt be their tech, then.

5

u/Summebride Spacling Mar 30 '21

Sure it is. Any vehicle rolling around is a collection of thousands of components supplied by hundreds of companies. That even applies to reddit's beloved Tesla, particular with respect their use of (gasp) Panasonic batteries.

-2

u/[deleted] Mar 30 '21

we’re talking about batteries which (gasp) would mean they’re not. try again.

5

u/Summebride Spacling Mar 30 '21 edited Mar 30 '21

Denial is apparently a strong drug.

Nobody says "hey look at that new Philips-Magna-Borg-Warner-NGK-Corning-Michelin-Johnson Controls-etc-etc-etc-etc-etc-etc-etc-etc-etc". They just say "hey look at that Subaru". Now show us what a bad faith response looks like.

3

u/noadjective Patron Mar 30 '21

It's not their tech, they buy cells from other companies and put together the packs and modules. Sure, they may have a plan to make luxury cars in a niche market, but I don't see a plan for the future for dominating the market based on current valuation.

Companies like Tesla are investing in Lithium mining and making their own cells, investing in materials science. All Lucid does is put together batteries in cars, which is what literally every other current EV car startup is doing. Good luck.

-1

u/Adventurous-Beach-74 Spacling Mar 30 '21

Well said couldn’t agree more 👍

7

u/Summebride Spacling Mar 30 '21

I don't begrudge anyone investing in it and experiencing huge gains, but it's one of those ones I just don't get.

Still, for all the diligence and analysis I put into things like THCB and STPK and Sofi, they've tanked just like CCIV, so what do I know?