Added to YB: 2024-04-10
Pitch date: 2024-04-09
PSNY [bearish]
Polestar Automotive Holding UK PLC
+70.51%
current return
Author Info
No bio for this author
Company Info
Polestar Automotive Holding UK PLC engages in the research and development, marketing, commercialization, and sale of battery electric vehicles and related technology solutions.
Market Cap
$1.9B
Pitch Price
$48.60
Price Target
N/A
Dividend
N/A
EV/EBITDA
-4.06
P/E
-0.63
EV/Sales
2.67
Sector
Automobiles
Category
N/A
Polestar: Cash Is Not King
PSNY: Volvo/Geely spinoff producing premium EVs faces tough competition & poor unit economics. Polestar 2 inferior to Tesla Model Y in range & charging at higher price. Polestar 3 production ramp will take years to optimize. Recent $1B raise extends runway but -$731M TTM net loss concerning. 2025 targets of 155K volume & high-teen margins unlikely given Tesla & BYD pricing pressure. Fundamentals deteriorating despite revenue growth. Strong Sell unless Volvo/Geely provide more cash & rivals stumble.
Read full article (4 min)