This was a good move. Thanks. What are your thoughts going forward?
Said to be merging with Lucid Motors. A quote from the FAQ on the Lucid site is a bit out of date, which makes it harder to take the company seriously.
We are on track to complete our Casa Grande, Arizona, factory later in 2020 — and to begin building pre-production cars just twelve months after we first broke ground.
Gmaps lists the address as 317 S Thornton Rd Casa Grande AZ and shows a pic of a building. While, the satellite view shows an empty field, there are articles saying the factory is finished; there are listings for jobs, etc. Thus, gmaps probably has just not updated the satellite imagery.
Book value is $7.74 per share. They may part of other companies.
Considering the rise of Tesla, this seems valid as a high risk/high reward purchase.
I'm in.
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