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Image source: Polestar. All those problems caused Polestar's stock price to plunge to about $1. But with an enterprise value of $5 billion, it trades at less than 1 times its 2025 sales. Will it ...
Its shares closed the day nearly 11% higher in price, easily trouncing the 1.3% increase of the S&P 500 index. Motoring ahead. The manufacturer with the happy news was Polestar peer Rivian (NASDAQ ...
Polestar has also recently received a notice about its stock price falling below $1 per share, which is troubling, as well. A hand turning up a dial labeled risk. Image source: Getty Images.
Polestar's showroom in Oslo, Norway. In October 2017, Volvo Cars and Geely Holding announced that Polestar would become a standalone brand focusing on electric cars. [27] The brand introduced the Polestar 1 on 17 October 2017, a 2+2 coupé inspired by Volvo's Concept Coupé introduced in 2013, which includes influences from the Volvo P1800.
With its new management, is Polestar a good buy while the stock is below $2.50? Polestar has faced several challenges. Polestar is headquartered in Sweden, jointly owned by Volvo Cars and China's ...
The Center for Research in Security Prices, LLC (CRSP) is a provider of historical stock market and investable index data. CRSP is an affiliate of the Booth School of Business at the University of Chicago. CRSP maintains some of the largest and most comprehensive proprietary historical databases in stock market research.
Polestar was once a racing team that transformed Volvo's cars into high-performance racing vehicles. Volvo, which was acquired by the Chinese automaker Geely in 2010, bought Polestar's brand in 2015.
When Polestar Automotive (NASDAQ: PSNY) went public by merging with a special purpose acquisition company (SPAC) in June 2022, it initially seemed like a promising electric vehicle (EV) stock.