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It's because the investment decision thesis has changed substantially, with it not trading based upon fundamentals, and now "regarded speculative, superior-possibility financial commitment since it encounters higher volatility and decrease liquidity."As the management delivers an underwhelming FQ1'twenty five profits steerage, we will realize why
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This is because the expenditure thesis has modified drastically, with it no longer investing according to fundamentals, and now "thought of speculative, significant-chance investment since it encounters higher volatility and decreased liquidity."The deal will come amid a wave of SPAC-based mostly inventory listings for electric car or truck organiz