Where Will Polestar Automotive Stock Be in 1 Year?
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Polestar Automotive (NASDAQ: PSNY) has disappointed a lot of investors since its debut in June 2022. The electric vehicle (EV) maker went public by merging with a special purpose acquisition company (SPAC), and it started trading at $12.98 a share.At the time, investors were impressed by its three core strengths: It was backed by Geely's (OTC: GELYY) Volvo, it was already manufacturing thousands of vehicles every year, and it had a clear roadmap for the future. Unfortunately, its growth slowed down, it delayed its new vehicle launches, and it had to revise its statements to deal with some significant accounting errors. It even abruptly replaced its CEO and CFO last September.Image source: Polestar.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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