DonaldBecker
Member
That deal is trash for anyone holding commons... Just like 95%+ of all SPAC deals.
BARF!
Also... if I did the math right on their investor deck. They are projecting $23B in revenues on 250k sales in 2026... So ~$90k ASP of a car. And 20% gross profits....
So, basically they will sell 10x the S-class/7-series and barely get a bottom line. And it's about 10x the current production capacity so obv. will need more $$ down the line
I liked Lucid both for the prototype vehicle and as a potential EV producer, but this deal will be their demise. It is simply funneling cash to the people putting together the SPAC, not an investment into the company. The common stock shareholder is getting screwed.