Tesla rival's suitor's stock jumps to new high on CEO comments

Tesla rival's suitor's stock jumps to new high on CEO comments

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Investors who have driven up the stock of a "blank check" company they believe will merge with Lucid Motors Inc. did it again on Friday after the luxury electric car maker's CEO did an interview on CNBC. The Newark-based Tesla rival's CEO, Peter Rawlinson, actually said he couldn't comment on reports that he is in talks with Churchill Capital Corp. IV. But the fact that he didn't deny it was enough to send the special purpose acquisition company's stock (NYSE:CCIV) up nearly 15% to close at $34.65. That's…

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