Churchill Capital Corp IV - Class A

Polestar Automotive Holding UK Ltd - Class A

Polestar Automotive Holding UK Ltd - Units (1 Ord Share Class A 

Tesla, Inc. Common Stock

Electric vehicles and specifically EV SPACs have been a major focal point of the market over the past 15 months or so. Most recently, the SPAC merger between **$CCIV** and Lucid Motors saw the price rise from $10 dollars up to $66 dollars on just the rumor alone of a merger.

Now that it seems that SPACs are (somewhat?) back in favor in the market, we got word yesterday from Bloomberg that Polestar, a European electric vehicle maker backed by Volvo was in talks to go public via SPAC with **$GGPIU**. The stock shot up 5% once the news broke and is up another 5% premarket this morning.

![image](https://cdn.commonstock.com/5c1833c2ec0f9435277e15bed0c9c5318f20b4a891c6d5fd7c8caf369ae216cd-1136x852.png)


Here is a quick breakdown of Polestar:

The company has been around since 1996 but became quasi-independent from Volvo and Geely in 2017 and is headquartered in Sweden.

Currently has two cars on the market. Polestar 1 is a hybrid sedan while Polestar 2 is a fully electric Sedan that is currently being produced in China.

Last month they announced that the Polestar 3, a fully electric SUV, will be built in a Volvo factory located in South Carolina within the next year.

While I have yet to find information about their total deliveries to this point, a article from Forbes detailed how Polestar outsold the Tesla Model 3 in both Sweden (284 deliveries) and Norway (504 deliveries).

Currently, deliveries are being made in the United States, Canada, Norway and Sweden. Also, like Lucid Motors, Polestar plans on opening 25 retail spaces across the US this year to take test drives and order vehicles from.

There has been conflicting information circulating about the expected valuation of the company with some reports putting it as $10 billion, more than $10 billion, and $25 billion.

As the search for the next **$TSLA** killer continues, I’ve jumped in yesterday and started a position. I was lucky enough to get in early during the **$CCIV** run up and will see if any hype builds up around Polestar. Unlike Lucid, Polestar already has manufacturing facilities, is delivering vehicles around the globe, has its supply chain built out, and is backed by a major automotive maker. With the recent criticism around electric vehicle SPACs coming to market and whether or not they are ready to be a public company, it looks like Polestar will be changing that narrative - yet only time will tell!

I saw the coupe up close in this grey color and it’s so damn fine!

(Not sure how it compares to the competition in terms of specs)

Panos

Polestar - Another Tesla Killer Coming to Market?

Bought 200% more GGPI

This member connected a brokerage account and is sharing trades and portfolio performance with the community. 