$Churchill Capital Corp IV(CCIV)$Lucid Motors reminds me of another share that at the beginning had a lot of furor but traded down50% from its IPO spike.

That share was Facebook.

Look at where Facebook is now.

Is it difficult to imagine that CCIV will rose back up to $50 and beyond? No!

These are the following reasons I bought theshare and why I believe in the short term the share will be trading between 32-40 before moving beyond $50.

1) The Biden administration and the Green Initiative.

The US is pushing for carbon emissions to be greatly reduced during the Biden Tenure. They have seconded a few hundred billion for the purpose of rebuilding infrastructure in this direction.

2) Gen Z.

The younger generation is more environmentally and tech conscious and thus will be looking at EVs as a fundamental replacement to O&G vehicles.

3) Increased Battery Capacities

Batteries are now able to let you drive the vehicles at greater distance before the next recharge. What used to be 200kms now is nearer to 400km

4) Designs

The older EVs weren’t sexy. It took Tesla to design a sexy sporty looking car before the rest of the world took notice. With the designs that CCIV has, those cars will be flying off the shelves.

Share with me your thoughts on my opinion.

Thanks