[Press Release] Gores Guggenheim ($GGPI) Stockholders Approve Polestar Business Combination
As expected, shareholders approved the merger and Polestar will begin trading on the NASDAQ under the ticker $PSNY on Friday, June 24. I have a position along with $LCID and $F as my plays on the future of EVs. Worth noting that I'm much more bullish on Polestar than I am Lucid. If push came to shove, I'd pick Polestar 9 out of 10 times.
I think I like Polestar as a business more than Rivian and Lucid after reading more about their business.
That's interesting because 9 times out of 10 Id pick Lucid. With all due respect don't think you can compare polestar and lucid more than just being ev companies. I don't know much about polestar to comment but I don't think they are in the luxury ev side like lucid is
@christian7621 They overlap in my eyes, maybe not at this moment but their respective long-term plans. The primary difference is Polestar is starting on the "cheap" side (Polestar 2 is starts at $45,900) and working toward luxury models with prices comparable to Porsche Cayenne (estimated 2022), then the Macan (E2023), then the Panamera (E2025) per their investor presentation) while Lucid is starting at luxury with a plan to "manufacture progressively more affordable vehicles" per their investor presentation.