 Wow What's up money geeks with a video welcome to a new video guys in this video I want us to talk about tickets and both CC IV Lucid models again guys I've covered the stock here on the channel before they were planning on making the announcement Talked about it when the announcement was kind of like in the limbo and then finally now They have actually completed the merger. They actually announced yesterday that Lucy and Churchill capital are merging So it's a fissure. So that's what I want to talk about today And then took about some price prediction and then look at the future of the stock But before we get to the guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and your notification bell So you don't miss out on new content Lucy models and churchy capital are finally You know, they've finally completed a deal and this is something that we have all be anticipating Hoping that it would happen. So again when I did a video, I think last week Over the weekend or so I mentioned to you guys that no, there was room or that these guys were gonna announce on Tuesday February 23rd their deal, but Apparently they didn't want to wait until Tuesday. They did it Monday February 22nd after hours in the stock just took a massive Beating again, this is something that I didn't see coming I thought there would be some excitement on Wall Street with the stock But after and the announcement as you can see here on the chart here guys This is just a one-week chart So the stock went from a high of about 60 something dollars here So we look at here about 64 almost 65 dollars And then when they made the announcement the stock actually pulled back But if you can see here and then just like look at that drop drop in just like crazy So again, I don't know what happened there There was no excitement on Wall Street about the merge So I think that the terms of the merger were not super exciting to Wall Street But again, it doesn't mean that the company is not a great company So again to me, this was an opportunity for people that didn't have to start to jump in and Brilliant by the stock but before we actually go and take a look or talk about projections guys I want to bring us some important information here to you guys. So This is the CEO of our Lucid Motors on CNBC Talking about the fact that even after the merger They are delaying production of their Lucid air because they were supposed to start production this spring But I think they're delaying that and they're moving it to the second half of 2021 So again, that's just something that I didn't see coming at the fact that they delay in production He didn't really break down why they were no moving production or delay in production But again, that's maybe some of the reasons why they were hesitant to announce the merger in my opinion That's what I think so again if we can go back here You know the CEO was there talking about the fact that they're making that delays So one of the things that I wanted to bring up to you guys here is the CEO actually Mentioned some some stuff that I think is critical for us as investors. So comparing Lucid Motors to Tesla again Tesla has established himself. They've been able to go through production I mean, you know all the good stuff about Tesla, but He mentioned four key things number one is that they have Better technology than Tesla. So Lucid has a better technology than Tesla The way you can even confirm is because the current CEO of Lucid actually came from Tesla So he probably understand what they have over this technology and the improvement that Lucid has actually made The second claim he made was that their cars are faster than Tesla So we're talking about the model Y the mother s and anything that Tesla has the claim that their current Lucid a Is faster than Tesla and then the third claim he made was that they're charging is faster So when you plug your car to charge it it charge relatively faster compared to a Tesla And then overall he says they're cheaper if you look at the overall package what they are giving and what Tesla would give Again, they are way cheaper than Tesla So just a full claims that he made but again in my opinion guys the way I see this particular company I don't see it as just another electric vehicle company I see them as a competitor to Tesla and even more so beyond that So if you guys are people that understand or know your cars if you take for instance Toyota Toyota has their average brand which is just a Toyota brand that you see like the Camry's and all that stuff And then they have the Lexus brand, which is the luxury side of Toyota, right? So you get the Lexus, which is a luxury side of Toyota that represent in my opinion Lucid a and Tesla So that's that would be just a regular Toyota and then Lucid a would be the Lexus Which is the luxury brand for Toyota? So that's the way I see that's to have value this company and that's how much faith I have in this company So where do we go from here? Now that we've seen all this So the next step that I want you to take a look at right now is the price because if this thing went to about a High of almost 65 dollars and then pulled down to 30 dollars. It came down to yeah, it's about 30 dollars This is to me. This is the best gift that this stock gave us So again at 30 dollars this thing is gonna be at least a 200 or 300 dollar Stock in the next three to five years. That is easy. So I'm personally I'm heavy on the stock You guys know I do have Tesla I have a good position a good size position in Tesla And I think that Lucid is right behind them and Lucid is not even claiming that they're selling their cars They're claiming that they have a better technology right now. They're claiming that their batteries Made by Lucid's technology division Etiva is currently being used in Formula E Racing which is kind of crazy. So I mean that is how fast they if they're using it in racing I think that the company is claiming that that technology does help So this is something that I just want you guys to keep an eye on and then once as was this merger is completed The ticket symbol is going to change from CC IV to LC ID that's gonna be the new ticket symbol LC ID. So guys, this is again to me This stock is right now a steal This because this company has the potential to go as high as three four hundred dollars in my personal opinion Because of the quality of the work that they have because that's of right now If you look at all the other sparks that have come out a lot of them had some questions Business model product and we lucid we haven't seen any of those they took their time Did everything before going public? They already have the manufacturing facility even though they delay manufacturing But at least they have that in Arizona ready to go and then I mean like So far the team that they have it has done a good job and making sure that they cross Audities and dug their eyes before going public. So in conclusion guys I think lucid is a great company to invest in long term This one you might see if the market with a bounce back as we can see here Right now sitting at about 35 if the market with the bounce back You think it is the climb up to 50 60 70 dollars But this would be for a quick sweet for a quick sweet rate But if you're looking to go long-term buy this one and just throw the key somewhere Don't even look at the stock next three to five years come back and take a look That's where you want to be in three to five years Again, this is not your typical stock We should just buy expect growth a lot of time to actually grow because this company has huge potential and they're talking about stop building SUVs by 2023 and so to me those are those are plans That eventually we get the company out there and more and more people are gonna start Trying to get it again. This is luxury because if you think about Tesla a lot of people love Tesla It's a luxury brand, but now you bring lucid that text that luxury another level up Hollywood and all these guys They're gonna want to drive the car. It's electric and it looks beautiful and it's you know Relatively cheap compared to other vehicle. So that's something that you want to keep in mind So let me know again the conversation guys. What do you think about this again? I just a transparency guys. I am heavy on lucid and Tesla I see them as far as electric vehicles as the guys are gonna dominate the space The big boys like Ford and GM are late to the party Ford is pushing hard GM is pushing hard They had the opportunity to step in and take over the space because they really had the infrastructure and the delay So I think lucid has a huge potential here again Let me know in the conversation What do you what do you think about is if you're new to the channel guys We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button any notification belt So you don't miss out on new content Also, if you're looking to get to that with investing we both is still doing your promotion Where if you sign up and deposit a hundred dollars you get some free stocks links in the description below And as always guys, do your due diligence. Don't be crazy savage and stay motivated