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Bullboard - Stock Discussion Forum Polestar Automotive Holding Uk Plc PSNY

Consumer Cyclical Recreational Vehicles
POLESTAR AUTOMOTIVE HOLDING UK PLC (Polestar) is a Swedish-based electric vehicle manufacturer. Company's portfolio includes Polestar 1, Polestar 2, Polestar 3, Polestar 4 and Polestar 5. Polestar products are currently available on markets across Europe, North America, China and Asia Pacific. Polestar cars are currently manufactured in two facilities in China. Polestar produces electric cars... see more

NDAQ:PSNY - Post Discussion

Polestar Automotive Holding Uk Plc > Unlikely to climb with no news. 50% chance to hold ...
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Post by martinboy on Aug 03, 2024 4:42am

Unlikely to climb with no news. 50% chance to hold ...

There are no obvious and instant good news on the radar. Where will they sell cars in Q3 (with no import taxes) ? ... only in Europe and China. End of summer Polestar 3 will be "starting" production in the US. Means selling only in Q4. Until then ? Likely to test the low 60s and fall below due to short selling ? If so, then a 1:10 reverse split scenario might be possible. Then they will comply with the 1$ listing as well.
Not sure why Geely or anyone not announcing any further financial support at such low prices. They might not need such support instantly, but could defend the stock against short selling and further downgrades. What do you think ?
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