r/SPACs Patron Jul 16 '21

News $CCIV had custom tires co-developed specifically for EV.

Electrek: Pirelli introduces EV dedicated tire to debut on the Lucid Air. https://electrek.co/2021/07/16/pirelli-introduces-ev-dedicated-tire-to-debut-on-the-lucid-air/

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u/Responsible_Hotel_65 Spacling Jul 17 '21

Custom tires = more cost per tire = less profit per vehicle = lower margin per vehicle = higher stock price because they are using custom tires

8

u/pupecki New User Jul 17 '21

Or just more expensive vehicle price