Top 5 Car Company Stocks to Invest In

3. Lucid Motors / Churchill Capital Corp IV (NYSE: CCIV)

Number of Hedge Funds: 57

Value of Hedge Fund Holdings: $982 million

Lucid Motors recently disclosed their merger deal with Churchill Capital Corp, which is projected to generate about $4.4 billion in cash and a $60 billion estimated valuation. The company expects to generate around $2.885 billion in EBITDA by 2026. Lucid Motors’ CEO, Peter Rawlinson, said that the massive valuation is a reflection of their state-of-the-art technology. 

As of the end of the fourth quarter, 57 hedge funds in Insider Monkey’s database of 887 funds held stakes in CCIV, compared to 49 funds in the third quarter. Magnetar Capital is the biggest stakeholder in the company, with 17.9 million shares, worth $185 million.

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