Lucid Motors' $62 billion valuation sparks bubble concerns

Lucid Motors' $62 billion valuation sparks bubble concerns

3 years ago
Anonymous $rH7oE7DjRg

https://www.reuters.com/article/us-lucid-motors-m-a-klein-stocks/lucid-motors-62-billion-valuation-sparks-bubble-concerns-idUSKBN2AN1RR

Stock market investors valued electric vehicle maker Lucid Motors at $62 billion on Tuesday after a deal to merge with blank check firm Churchill Capital IV, sparking some concerns about the real worth of the company which has yet to start regular production.