I tend to agree about getting their Sh*t together. It is a shame.
The scandanavians are GREAT with the share structure (as far as benefits, worker performance, incentives, & of course look after the CEO: TOO GOOD) but they just SUCK at managing same for the shareholders... Unfortunately, although I LOVE the Polestar 3 (& am STILL considering BUYING one) just to have a different OTHER THAN Tesla vehicle... I just don't see them getting there shit together anytime soon!
And their prices are going to TAKE A HIT --- big hit -- especially in the U.S., which means their profit margins are going to SUCK as well...
Seems like every week this has a new low! I want to jump in here, but that falling knife is SHARP!!
PSNY stock has fallen 51% year-to-date, with potential for a rally. Despite lowered 2023 delivery guidance, sustained EBITDA losses, and equity dilution, cost-cutting measures by Polestar may narrow losses in the coming quarters, and expected Polestar 3 and 4 production.
7:45 am ET
*Polestar shares are trading higher after the company reported Q2 deliveries of 15,800, representing 36% growth over last year.
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Press Release: Polestar Achieves Record Deliveries in the Second Quarter, Growing 36% Year-on-year
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*Polestar Said On Track To Deliver 60,000 To 70,000 Vehicles In 2023
With a stock price of about $4.50 it is really under priced. This is a mass produced super quality product. New and better models are planned and
being built. We need to go and tell the world our story and the price is right. Come on lets see $25.00 in 6 months. GLTUA
I dont have an issue with those facts. Im heavy invested the Polestar dancer. Market sentiment and marketing has a lot to do with this ticker. Its relatively unknown with a retail investors. That is just one of many factors holding the price per share down.
GET A CLUE! Watch & LEARN... Tesla now has LITTLE to do with the EXPANSION of the EV markets going forward... (the broader growth will come from competitors) & GAS PRICES (along with inflation, etc.) WILL HAVE more of a bearing than folks realize! It's the ECONOMY.... (".....") ...
Gas prices (& inflation) will be the single most important factor in near-term growth... Mark it!
Gas prices have nothing to do with an EV stock like Polestar. When they are done unloading they will run this. Gas had nothing to do with Tesla. Polestar has been beating all their forecast and its not moving.
The ONLY QUESTION NOW is if gas prices rise AGAIN & this stock NEVER LOOKS back at sub-$6.00 shares. I suspect & AM GOING ON RECORD to PREDICT that post-Q1 performance will SURPASS EXPECTATIONS & the stock will CLIMB from WHEREVER it is ... AND that if gas prices remain somewhat elevated (despite a milderish Winter), we'll be saying GOODBYE TO $5's, perhaps forever!
JUST KEEPS GETTING BETTER!! If gas climbs up again, especially NOW with the U.S. essentially escalating engagement in/with Ukraine vs. Russia, we could see MUCH HIGHER prices here VERY SOON.
Looking forward to an IMPORTANT Q1 & then double-digits from there IF gas prices remain elevated & AS the market wakes up to take note!
This piece of shit really needs to move and fill the old gaps. Technically the financials are excellent etc. Just bear market and sick devil worshiping TAs and hedge holding everything back.
JUST AS I PREDICTED!! Keep your eyes on gas prices. As they creep back up (which they have) so too will BOTH the sector & THIS STOCK!!
If that trend continues into Q1 report, we should be testing recent highs QUICKLY & decisively; as I've laid out in my previous post(s), etc..
GLA.... Happy 2023!!
VOLVO & FOXCONN are KEY here! As well as the LEADERSHIP! PSNY management are EXECUTING! And this will be far more evident come the end of the year. Q1 will begin to set the POSITIVE tone & tenor for this EV & then it's OFF TO THE RACES! Assuming gas prices continue trending another $0.25 to $1.00 makes THE WORLD of difference to consumers!
Here's WHY strategically: POLESTAR is alone with TESLA
SALES surpassing inventory,.... & backlog delivery is AHEAD OF SCHEDULE!!
2023 Model -- COMING THIS YEAR!!!
Wonder if it will RE-TEST $5.00 BEFORE starting it's next leg UP?
Love the new Electric SUV & that each year -- going forward -- a NEW model is set to debut.
If gas prices remain north of the National Average continues to climb, as I've suggested it may:
I think it's ACTUALLY WORTHWHILE to do a chart & OVERLAY the price of GAS on the sector AND this stock! Unless PSNY can make Polestar cars a STATUS SYMBOL, which the NEW Polestar 3 very well might become; then ALL BETS are off.
That is kinda what I'd be relying on here as a longer-term investor. The performance of that EV to the company is THAT important imv. So far, so good. The preliminary numbers & orders appear to be ON POINT:
Stocks go UP & they go DOWN.... The put options came in hard & heavy after we went above $8.15 (along with the OTHER technicals) suggesting that ~$8.25 price was THE (double) TOP (in the short term)!
NONE of that changes longer-term sentiment here. Where the ONLY real, practically tangible, & potential longer-term THREAT imv is gas prices. Folks aren't incentivized to GO GREEN when gas is cheap! And btw, NOT that gas is cheap right now, but the U.S. gov't released a crap ton of strategic reserves (probably to ENSURE folks can SHOP for the Holidays!) dropping gas prices from a National Average around $5.00 per gallon to around $3 or so. IMV gas prices DO THREATEN the short-term prospects of the industry
But unless Putin (& OPEC) stop messing around, folks should EXPECT gas prices to RISE again (post New Year) & with that this sector should heat UP again... ESPECIALLY if Polestar continues to outperform, as expected (according to their shipping numbers, etc.)... Q1 should be healthy & the stock price should therefore REBOUND...
PS: This is NOT financial advice & ANY position in a stock should be FLUID!! In order to roll with the punches, protect capital & (as the pros would say) "live to fight another day". So I am NOT advocating ONE WAY or ANOTHER!! Everyone to do with their money as THEIR goals, fiscal needs, retirement future, etc., & investment needs dictate; mine is JUST an opinion. On the other hand a chartist or technical analyst will SIMPLY suggest the stock hit a near term peak, got overbought, was sold off (profit taking) & is now getting oversold before it CORRECTS again. Whichever side of the fence you live & breathe, the markets are dynamic & investors should be as well. GL2U
So WTF is wrong with this? Oh please explain. After every good financial improvement PS has someone hmmm unloads.
As EXPECTED!! Just a VERY NICE move trading UP from our little dip-a-rooni after quite a bit of profit-taking no doubt -- & aided by a teeny-bit of short-covering after they realized it was NOT going sub-$5
LOVE THIS STOCK!!