|Bid||11.46 x 900|
|Ask||11.48 x 1100|
|Day's range||11.21 - 11.50|
|52-week range||9.70 - 16.41|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
GOTHENBURG, Sweden, January 11, 2022--Polestar, the pure-play, premium electric car company, confirms that it continues to deliver on ambitious global sales, market, and retail expansion plans that underpin significant growth targets for the coming years. The company delivered on its global sales target of 29,000 vehicles in 2021, representing year-on-year growth exceeding 185%. Polestar’s proposed business combination with Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU), is expected to
The electric-vehicle (EV) market got overheated in 2021, but it cooled considerably as the year wore on, which explains why Gores Guggenheim (NASDAQ: GGPI), a special-purpose acquisition company (SPAC) expected to merge with Swedish EV maker Polestar Automotive in the first half of this year, saw its stock fall 13.1% in December, according to data from S&P Global Market Intelligence. While the proposed $20 billion reverse merger between Polestar and Gores Guggenheim should be an enticing driver for investors, the EV maker is caught up in the automotive industry's chip shortage problem, and Polestar CEO Thomas Ingenlath is expecting the supply chain issues to drag out well into the year. While the chip shortage affects all car manufacturers, from rival EV companies such as Tesla (NASDAQ: TSLA) to old-line car makers such as Ford (NYSE: F), Polestar has been counting on its new Polestar 2 vehicle to put it on the map with car buyers, because it will be a relatively affordable vehicle at $45,900.
GOTHENBURG, Sweden, December 22, 2021--Polestar, the pure play, premium electric car company, has released the Vivaldi web browser for Polestar 2. Answering one of the top desires from Polestar owners, the inclusion of a full-scale web browser in the car allows users to browse the web as they might on their mobile devices. It is the first browser available for Android Automotive OS.