Details concerning this protection system are explained at FlowBank is affiliated with the Swiss Chamber's Arbitration Institution (SCAI) and in case of a dispute, you can contact the SCAI by means of the mediation request form and according to the instructions provided on their website: Depositor protection in Switzerland is provided by esissuisse for a maximum of CHF 100,000.- per client. The list of banks and securities firms authorized by FINMA can be accessed here. This website is owned and operated by FlowBank S.A, a company regulated by the Swiss Financial Market Supervisory Authority (FINMA) and a member of esisuisse. Please see our Risk Disclosure Notice so you can fully understand the risks involved and whether you can afford to take the risk. You should consider whether you understand how CFDs work. Last year, Tesla produced a little over 57,000 model S cars.ĬFDs are complex instruments and are not suitable for everyone as they can rapidly trigger losses that exceed your deposits. assembly plant in Casa Grande, Arizona, boosted with a $1 billion investment from Saudi Arabia’s Public Investment Fund. According to Lucid, they should eventually produce around 400,000 units annually, thanks to their U.S. Lucid’s first EV, the Lucid air, should come at a base price of $77,400 and a 517 miles range. Some investors have a strong confidence in the model, which could potentially be a serious competitor to Tesla’s Model S, priced at $69,000. The Lucid Air Model (source: Lucid Air Motors)
The company’s focus used to be battery technologies, and it then started to work on the design and production of its own EV, the Lucid Air luxury electric Sedan. Lucid Air Motors was founded by former Tesla executive Bernard Tse and entrepreneur Sam Weng. Although that your investment in the SPAC could offer good returns, there remains the risk that the stock is already over-valued or that the SPAC deal is not fulfilled. If the merger does happen at the $12 billion valuation expected by Reuters, the Churchill Capital IV is already trading at a fairly high price, which increases the risk. Investors ought to know that there is not a definitive agreement yet between Churchill Capital IV and Lucid. The price of Churchill Capital IV is up 300% since January 11th 2021 (Source: TradingView)Ĭhurchill Capital IV would raise an additional amount of $1-1.5 billion for the transaction by selling shares in a PIPE, adding to the $2 billion they already raised from its IPO in July. The stock price of Churchill Capital IV was up 300% since the announcement in the Bloomberg report, and with a 33% surge on Tuesday, following a Reuters report suggesting that the two entities agreed on the key terms of the deal, with a public valuation of $12 billion. Venrock Associates is a venture capital firm that has been invested in Lucid Motors since 2009, back when the company was still called Atieva.īoth companies declined to comment on the news.Ī 300% surge in the stock price following Reuters report
Financial terms of the transaction are unknown.” “A consortium led by Venrock Associates proposed to sell Lucid Motors Inc to Churchill Capital Corp IV. Shares of Churchill Capital IV have been steadily rising over the past month, since Bloomberg published a report stating that the special purpose acquisition company (SPAC) was planning a merger with the luxury electric vehicle manufacturer Lucid Motors. The Lucid Air, an all-electric luxury Sedan (Source: Electrek) Talks between the SPAC and the EV manufacturer
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