$CCIV Valuation is a HUGE assumption by and large. If we go by book value, then the price must be 15 which was the most recent closed transaction. However, everyone agreed at a multiple. We had it at 6, but they made it 4 by valuing the net assets 50% more (paid up goodwill). However, I am pretty sure, this valuation will be one side, but how the market values Lucid will be totally distinct - it will take comparable into consideration. Tesla, NIO, and others. All this boils down to a STRONG BUY. PT of 80 remains in short term.
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