Why Gores Guggenheim Stock Sank 11% in January
Shares of Gores Guggenheim (NASDAQ: GGPI) tumbled another 11.2% in January, according to data from S&P Global Market Intelligence, following a 13% decline in December. The special purpose acquisition company (SPAC) plans to take electric vehicle (EV) maker Polestar public in a reverse merger. Polestar is a luxury EV maker based in Sweden (its cars are built in China) whose Polestar 1 starts at $155,000.