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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:
Period Regular Mid-Grade
Current Avg. $3.285 $3.686
Yesterday Avg. $3.260 $3.664
Week Ago Avg. $3.159 $3.571
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:
Nice loading dip yesterday & PSNY looks to be BACK & HEADING UP again!
Nice, healthy consolidation,... & positive pre-market action!
GEARING UP for 2023 folks! Going to be a great one!
TESLA Production is 343,000 EV’s worldwide for 2022 . Correct me if I’m wrong ! POLESTAR 50,000 . In 2023 100k and by 2025 290k EV’s. A 50! Billion Market is well deserve by end of 2023 . $45.00 PPS by end of 2023 .
This blogger from Seeking Alpha has a good article hitting 80% of predictions in the past 3 years in the energy sector. PSNY to $18
https://seekingalpha.com/article/4560565-polestar-automotive-undervalued-strong-growth-momentum
With ~15min to market close today it's PERKING-UP off the day's double-bottom!
NICE STRONG VOLUME to the upside
with tiny volume capitulation to the downside
STOCK IS BEING BOUGHT UP!!
Love to see the way this one is trading.... On the NEXT WEEK then!
Added some cheap OPTIONS at the lows today too!
POLESTAR for the win!
GROSSLY UNDERVALUED.... See for yourself, why, here!
$PSNY $10 soon
$8.15's now getting HAMMERED ....& $8.20's, HITTING $8.25!!!
Institutional BUYING since Summer = 7-fold INCREASE
Here's why!
$PSNY EARLY DAYS!! $8's PRINTING!!
GET READY FOR MORE UPSIDE in the coming days...
Shorts be like:
https://giphy.com/gifs/wwe-wrestling-smackdown-friday-night-jqI7vrTgA1An4pi4k8/fullscreen
Citigroup initiates coverage -- $12.00 Price Target
$20.00+ stock in 2023
Too bad! So sad! It was a GREAT FIGHT, & GOOD EFFORT. BUT THE BEST MEN WON!
https://giphy.com/gifs/wwe-wrestling-smackdown-friday-night-jqI7vrTgA1An4pi4k8
UP from $7.27 Wed morning!! Thank you shorties! LMMFAO!! I had NO BUSINESS buying this down here.
BEST IS YET TO COME!!
By the time Foxconn starts production Polestar will be way ahead of the competition. PSNY will mass produce 100K EV’s in 2023 while Foxconn or LMC may have under 5k EV’s delivered in 2023.
Good luck ! Polestar 50k EV’s in 2022 . Rivian 25k , LUCID 7k . RIDE 30 trucks . Look at the market cap same as Rivian and Lucid. PSNY is the only EV company besides TESLA that is mass in mass production.
Shorts got CLEARED OUT, NOW BACK UP to our previously scheduled RUN !!
Polestar Automotive Holding PSNY 3Q 2022 Earnings Conference Call
Polestar Automotive Holding PSNY 3Q 2022 Earnings Conference Call
Polestar (PSNY) Stock Surges After Reaching Major Production Milestone
Yet again, Polestar has proven it can compete with its Europe's legacy automakers
9m ago · By Samuel O'Brient, InvestorPlace Financial News Writer
An announcement from Polestar Automotive (PSNY) is pushing PSNY stock up today.
The Swedish electric vehicle (EV) innovator has reached a production milestone.
This news could set Polestar on a path toward profitability in the coming year.
BUY ALERT: 5 Hypergrowth Stocks With 10X Potential in 2023
PSNY stock - Polestar (PSNY) Stock Surges After Reaching Major Production Milestone
Source: Robert Way / Shutterstock.com
Electric vehicle (EV) stocks are up today as positive market momentum pushes the Nasdaq composite higher. While Tesla (NASDAQ:TSLA) and Rivian (NASDAQ:RIVN) have pulled into the green, one of their peers has an actual growth catalyst to report. Polestar Automotive (NASDAQ:PSNY) started the day by announcing that it has reached a key production milestone. PSNY stock is up 20% on the news.
Specifically, the company has generated 100,000 Polestar 2s. This popular model has helped the Swedish automaker secure a share of the EV market. More compelling than PSNY stock’s rise today is the fact it has surged more than 87% in the past month. This has been spurred by a recent announcement that Polestar saw its first gross profit since making its trading debut.
Even with the month’s impressive gains, it still trades at less than $8 per share. This makes it a highly attractive bet for investors seeking EV market plays. Let’s take a closer look at why it may be one of the breakout EV stocks of 2023.
Why PSNY Stock Has Room to Grow
It’s an excellent time to be a part of Europe’s EV market. Recent data reveals it grew by 16% year-over-year (YOY) in the second quarter of 2022. Legacy automakers Mercedes Benz (OTCMKTS:MBGYY) and Volvo (OTCMKTS:VLVLY) have led the charge so far, but Polestar is making it clear it is coming for its larger rivals. PSNY stock has been volatile today, but investors shouldn’t lose sight of the bigger picture. The trendy startup is expanding rapidly and working hard to compete with Europe’s auto giants.
As Polestar noted in a statement it released today, it has taken only 2.5 years to reach 100,000 units of the Polestar 2. It achieved this feat while supply chain constraints threatened EV production on a global scale. Through it all, the company has continuously upgraded the vehicle, adding over-the-air (OTA) updates, an extended charging range and “eco climate function and battery preconditioning optimisation.” While innovating its EVs, Polestar has also expanded its reach to 27 countries. It clearly has no plans to slow down in the coming year.
InvestorPlace contributor Chris MacDonald recently made a bullish case for PSNY stock, breaking down why he believes it has significant growth potential. In his words:
“Compared to the same quarter last year, its sales were up by 105%, amounting to $4 million gross profit. Moreover, driven by rising sales in Q4 2022, Polestar estimates to generate $2.4 billion from the sale of its vehicles. This company is also set to release the Polestar 4 SUV, the Polestar 5 grand touring sedan and the Polestar 6 roadster in the years to come.”
As MacDonald also notes, Polestar had more good news to report recently. It began November by announcing a new funding package of $1.6 billion from stakeholders Volvo and Geely (OTCMKTS:GELYF). As CEO Thomas Ingenlath notes, this puts Polestar well on track to accomplish its goal of releasing three new EVs by 2026.
Today’s production news only serves to strengthen the bullish case for PSNY stock. Polestar is well-positioned to keep scaling production and meeting demand as markets prepare for a correction."
https://investorplace.com/2022/11/polestar-psny-stock-surges-after-reaching-major-production-milestone/
I'd like to see them get their profit margins up a bit but I'm THRILLED that they've made huge strides, have mass production up & running, they're selling units, had a gross profit, sold 100,000 P-2's, & the market CRUSHED THE STOCK to where buying it was a low-risk HIGH-REWARD proposition.
The forthcoming $84,000.00 Polestar 3 will have better margins.
Should oil prices continue.
Folks CHOOSE NOT to support oppressive regimes.
Countries like Russia, & their dependence on OIL to fuel WAR!
Regions of the World like the Middle East whose WEALTH depends upon OIL & other countries who RELY ON OIL & remain inhumane to their citizenry....
EV's can be viewed as a VOTE to move the planet into a more sustainable future.
There seems to be a GROWING sentiment among Millennials to pay more upfront to move in this direction, away from oil dependence & the REGIMES they support!
Looking forward to comparing the institutional numbers at the end of the week. I think we'll find there's been some BIG MONEY who have a longer-ish term interest here! That's GREAT for us! I was going to trade OUT of my position into cash (from options) & wound up trading the time (eow expiry) & profits for MORE STOCK. So instead of trading out -- I added!
Let's see how wise that was! But I have more funds available in case I want more too! We'll see how this goes. So far, so good!
Their NEW model is sick! https://www.cnbc.com/2022/10/12/polestar-unveils-84000-electric-suv-polestar-3-to-cement-us-foothold.html#:~:text=The%20new%20Polestar%203%20is,the%20U.S.%20in%20mid%2D2024.
I read eoy 2023 for 2024 delivery! These guys aren't clowning around either. They are GETTING AFTER IT!
And after seeing a 60% drop in shareholder value, & nearly 80% from historic highs it's no surprise to see this rebound. Most NEW price targets have the stock around $10.00-$12.00 in the near term. Still plenty of upside imv. And if they continue to EXECUTE (like a Unicorn in this space), we could see NEW all-time highs (as you said) here in the New Year! Capital gains... or trade. Either way = PROFITS!
50k Polestars delivered in 2022. This is what I called mass production. 2023 will be a much better year and should be able to reach all time high of $16.00 .IMO
Sorry to hear sky. Bought my last tranche 3600 @ $7.63 & have ONE REMAINING order for 3,500 shares at $7.50
Having initiated my first buys in the $4's I am HAPPY to add & average up!
Would NOT be SURPRISED to see this guy double ++ in the coming New Year!
Looking forward to it. Love their designs, profitability, execution & steady-as-she-goes leadership. And unlike MANY OTHER E-entrants, the Swedes are getting the job done here & EXECUTING!!
PS: Exchanged Fri-expiry OPTION PROFITS for the REAL DEAL shares! Couldn't help myself as this one heads to $10.00+ in the very near term. And if she hangs around here I'll fill up the ole RothIRA for good measure. That's how BULLISH I am on PSNY... Soon everyone else will catch-up but I suspect the price will be MUCH HIGHER than it is now!
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