My name is Cal and I created the Financial Journey Channel to add some insight on everyday finances, investing, and motivation.
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PSNY does not trade on news but on technicals. Yesterday’s drop was a step in completing the W pattern. We now need to consolidate above $1 in the next days. Also, how about Michael at VW and Opel where he turned the company profitable in 1 year after 19 years of losses. He also transitioned them to electrification. There is too much focus on Nikola…he was there 6 months and left himself.
Certainly the timing may not be the best but Thomas should have left a long time ago. He has made big mistakes and has not convinced investors for a long time. I hope for the best and that it turns around as soon as possible. We will listen today to Q2 and see what is said.
It’s not ignorant you dumbass. Multiples on stocks at that time were significantly higher than what they are now. You also realize when it was at $15 I was the ONLY ONE saying it would hit $60 and guess where the fk it went at the highs. You are nothing
@@FinancialJourney yeah i agree , but to build a company on debt + not informing the markets + delayed reports with a stock price below a dollar , if he did things right they would have deluted at 5 dollars reducing debt ,now they will need another billion loan within a year if ps3 sales us under expectations or dilute
GOTHENBURG, SWEDEN - 28 August 2024. Polestar (Nasdaq: PSNY) announces that Michael Lohscheller, a seasoned automotive leader with extensive experience in driving operational excellence and strategic growth, will assume the role of CEO. Thomas Ingenlath, who has served as CEO since Polestar's inception and successfully positioned the brand for its next chapter, has resigned, with the change effective 1 October 2024. Michael Lohscheller, who has previously served as CEO of Opel, VinFast and Nikola, brings a wealth of expertise in the automotive industry, particularly in navigating competitive markets and scaling businesses. Polestar will be ambitiously expanding its global footprint and its position as a leader in the premium electric vehicle market in the coming years. Winfried Vahland, Polestar’s incoming Chairman, says: “Polestar has experienced an exceptional start-up phase and with a broader model line-up, Michael Lohscheller is the ideal leader to guide Polestar into its next chapter. His deep industry knowledge, especially in driving operational excellence, developing a coherent product strategy and strengthening the global market presence will be instrumental in the next chapter of Polestar’s growth. With Scandinavian heritage, passion and performance Polestar will set new standards for future individual mobility. Geely remains deeply committed to Polestar’s success, and with Michael at the helm, supported by a dynamic leadership team, we are well-positioned for continued innovation and growth.” Michael Lohscheller says: “I am honored to join Polestar at such an exciting time in the Company’s history. Polestar has already established itself as one of the most desirable and innovative brands in the electric vehicle space, and I look forward to working with the talented team to build on this strong foundation and accelerate our development.” Winfried Vahland honors the contributions of Thomas Ingenlath: “Thomas has been instrumental in shaping Polestar into the innovative and forward-thinking brand it is today, leading its transformation from a Volvo performance division into the only true global premium electric vehicle brand, with an outstanding focus on design, performance and premium qualities. We extend our deepest gratitude for his leadership.” Thomas Ingenlath says: “I am very proud of what we’ve achieved together in the last seven years. We had the vision of an electric premium brand which puts performance and design at its core. And we made it, the dream became reality: Polestar is the only true global premium electric brand, we just launched the Polestar 3 and 4, we are producing on two continents - thank you to everybody who contributed so far on this journey, it was a lifetime experience to build up this brand with you all. I wish Michael and the team the best for the next chapter of Polestar.” About Polestar Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand determined to improve society by using design and technology to accelerate the shift to sustainable mobility. Headquartered in Gothenburg, Sweden, its cars are available online in 27 markets globally across North America, Europe and Asia Pacific. Polestar plans to have a line-up of five performance EVs by 2026. Polestar 2, the electric performance fastback, launched in 2019. Polestar 3, the SUV for the electric age, launched in late 2022. Polestar 4, the SUV coupé transformed, is launching in phases through 2023 and into 2024. Polestar 5, an electric four-door GT and Polestar 6, an electric roadster, are coming soon. The Polestar 0 project supports the company’s ambitious goal of creating a truly climate-neutral production car by 2030. The research initiative also aims to create a sense of urgency to act on the climate crisis, by challenging employees, suppliers and the wider automotive industry, to drive towards zero.
Polestar has a new CEO! Thomas Ingelath is stepping down. Hopefully this will be a change for the better. Polestar now has a great line up of vehicles. With the Polestar 3 now being manufactured in the USA this should boost sales in the US and qualify for EV tax credits. There is also a loophole in the IRA which means that all of Polestar vehicles will qualify for the $7500 EV tax credit if you lease them. GOTHENBURG, SWEDEN - 28 August 2024. Polestar (Nasdaq: PSNY) announces that Michael Lohscheller, a seasoned automotive leader with extensive experience in driving operational excellence and strategic growth, will assume the role of CEO. Thomas Ingenlath, who has served as CEO since Polestar's inception and successfully positioned the brand for its next chapter, has resigned, with the change effective 1 October 2024. Michael Lohscheller, who has previously served as CEO of Opel, VinFast and Nikola, brings a wealth of expertise in the automotive industry, particularly in navigating competitive markets and scaling businesses. Polestar will be ambitiously expanding its global footprint and its position as a leader in the premium electric vehicle market in the coming years. Winfried Vahland, Polestar’s incoming Chairman, says: “Polestar has experienced an exceptional start-up phase and with a broader model line-up, Michael Lohscheller is the ideal leader to guide Polestar into its next chapter. His deep industry knowledge, especially in driving operational excellence, developing a coherent product strategy and strengthening the global market presence will be instrumental in the next chapter of Polestar’s growth. With Scandinavian heritage, passion and performance Polestar will set new standards for future individual mobility. Geely remains deeply committed to Polestar’s success, and with Michael at the helm, supported by a dynamic leadership team, we are well-positioned for continued innovation and growth.” Michael Lohscheller says: “I am honored to join Polestar at such an exciting time in the Company’s history. Polestar has already established itself as one of the most desirable and innovative brands in the electric vehicle space, and I look forward to working with the talented team to build on this strong foundation and accelerate our development.” Winfried Vahland honors the contributions of Thomas Ingenlath: “Thomas has been instrumental in shaping Polestar into the innovative and forward-thinking brand it is today, leading its transformation from a Volvo performance division into the only true global premium electric vehicle brand, with an outstanding focus on design, performance and premium qualities. We extend our deepest gratitude for his leadership.” Thomas Ingenlath says: “I am very proud of what we’ve achieved together in the last seven years. We had the vision of an electric premium brand which puts performance and design at its core. And we made it, the dream became reality: Polestar is the only true global premium electric brand, we just launched the Polestar 3 and 4, we are producing on two continents - thank you to everybody who contributed so far on this journey, it was a lifetime experience to build up this brand with you all. I wish Michael and the team the best for the next chapter of Polestar.” About Polestar Polestar (Nasdaq: PSNY) is the Swedish electric performance car brand determined to improve society by using design and technology to accelerate the shift to sustainable mobility. Headquartered in Gothenburg, Sweden, its cars are available online in 27 markets globally across North America, Europe and Asia Pacific. Polestar plans to have a line-up of five performance EVs by 2026. Polestar 2, the electric performance fastback, launched in 2019. Polestar 3, the SUV for the electric age, launched in late 2022. Polestar 4, the SUV coupé transformed, is launching in phases through 2023 and into 2024. Polestar 5, an electric four-door GT and Polestar 6, an electric roadster, are coming soon. The Polestar 0 project supports the company’s ambitious goal of creating a truly climate-neutral production car by 2030. The research initiative also aims to create a sense of urgency to act on the climate crisis, by challenging employees, suppliers and the wider automotive industry, to drive towards zero.
Thanks Cal. I saw a report that Canada has 100% tariffs on all EVs coming from China. Same as the US. Polestar being manufactured in South Carolina this year and South Korea next year would be great to get around the tariff.
PLTR is a good company. My only hesitation with them is that Wall Street could easily change their mentality on what it should be value that since that sector is still very new.
I think Rivian will fall to 11 or 10 during sept-oct time. Perhaps even 9 but later in the year it will come back if they dont dilute shares, if they raise capital in Q4 share might settle at 6 dollars.
waiting for the 10.85 support . sold today Lcid at 3.70$ from 2.90$ waiting for the pull back and buy again . for me both are good for traiding or for the long run .
