In my personal opinion they make Tesla look like a Toyota Aygo. Polestar are everywhere on UK roads. They look like the concept car that made it to the road.
$PSNY will never sell. There is no way they are going to be in a takeover, they are not a struggling company and already have access to capital with volvo and geely if needed. This company is just super slept on.
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What is your take on the fact that Volvo Cars "dumped" 400 million Polestar shares on its own shareholders since 15th of April and that, they started flooding the market after the 20th of may creating volumes over 30 and 46 million certain days and that way contributing to the stock falling below 1 USD since 21th of May? The decision to "give" away 400 million shares was supported by Geely being part of the situation Polestar shareholders now are in.
@FinancialJourney doesn't make sense for Geely to do that. It's seen as a European brand, very much like MG which they want to keep that association. Besides the Polestar does sell in numbers, but like others, the margins currently suck.
@@FinancialJourney Volvo could buy it back at a fire sale price. That would be positive for Polestar. To become a Swedish car instead of Designed in Sweden, but built and owned by China.
