MAJOR GOAL PSNY Polestar Stock Price TSLA NIO News Update Huge Upside
Polestar PSNY stock price is back to $11. Today I wanna do chart analysis on PSNY Polestar stock and give my stock predictions. Polestar has huge upside potential in later half of 2022. Once more investors become aware of this undervalued stock. I share many polestar news update of the news and what it means for Polestar going forward. I think with the news, in the long term this could be a long term high growth position. They are constantly finding ways to impress me. I am a very happy shareholder, although they still have a long way to go for polestar (PSNY)
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What's up you guys, G here, welcome back to another one of my videos, uh, first of all, happy New Year to everyone guys joining and appreciate everyone already hitting the like button.
For me, that means a lot helps the channel out as well and kind of spreads out the videos uh with the algorithm but uh today, we've got a pull start update.
Also I'll be the first video for pollstar this year.
Then we'll talk a few different articles.
I just want to cover gather some news for you guys so we'll go through all that and then we'll definitely take a look at the chart because I do like like where we're headed right now we're back above five dollars, which is very good sign of relief, I, think and um.
Then we'll kind of talk a little bit about Tesla I.
Think a lot of people are talking about Tesla deliveries, so we'll kind of bleed a little into that, and just give you guys my thoughts and the overall economy, EV sector and everything.
So let's go ahead and get started uh.
This came out just a few days ago, but basically pollstar just hit a major electric vehicle gold delivery for 2022 and uh.
This actually came out in a tweet from Thomas CEO, which we'll kind of cover in a little bit but pollstar been executing all year, they've been doing the hard work and it's starting to show off and um I mean I'm, just pretty excited that they actually hit 50 000 right.
They got it just in the nick of time.
Basically, it's not just talk, and it's also actually delivering these rights, so you might start seeing more pull stars out on the road.
Let me know in the comments uh, if you see any around your area, some more hot, like hot markets, would definitely be like California, of course, in Florida those are more Eevee friendly.
So you might see a pull store, one of these days, if you're out in that area um, but definitely building a good brand for themselves, pollstar partnered up with Hertz.
You know we got that 65k deal which is kind of in the back back side like we don't really worry too much.
We know that deal is going on, but um yeah I think it's been doing pretty well publicly as a stock.
It's not the best, but I do think.
We are looking for some upside soon, hopefully, and then of course, we've got the pull start three.
So different, New, Market and gonna be a new new price tag, but um they should definitely kind of solidify poster as a company.
So let me just write run down to where the um the news came out.
This is a tweet that came out from the CEO December poster cars has been a crazy Mission with an all-time high of deliveries.
Team has been working extra hard right to the end of the year and then he basically said mission accomplished.
Now the the goal was 50k and I'm tweeting this out.
For the most part, you know solidifies that we did get those 50k Productions done and delivered hopefully um.
He also talked about, or he replied to a comment.
Um on a previous post, there was uh about announcing an actual press release or a PR about the 50k production being met.
So maybe we could see one of those in the coming week, uh see if they actually produced that as an article and and actually put it on their website as well.
But this is the big the big news for the most part, pollstar hits 50k Vehicles delivery goal and that's basically, according to himself uh Thomas himself.
So let me know what you guys think it's pretty good news.
It came out just a few days ago, but everyone's kind of busy with holidays I was busy with holidays and uh.
Here's the actual tweet.
If you guys want to check it out, you can kind of read and kind of be nosy and read.
Some of the replies.
I also did manage to find the place where he was responding to some of these uh I, guess, customers or investors.
An important step is announcing that 50k production goal has been met and he basically celebrated with a pomping um champagne bottle or whatever so um I do have some more news, though, and um.
This is basically with respects to like Norway and uh.
Basically, what this is saying is they hit an 80 percent I believe market share this year, uh, which is great because so this is the Norway Nation hits record Eevee share in 2022 on his way to ending gas, car sales and I think it was 80, so Norway hits 80 EB sales and the only reason I'm gonna bring.
This up is because, if you guys don't know, uh pull start is actually in the top five I think they're.
Actually top three I got this article ready for you.
This came out early in 2022, but pollstar 2 was the third best-selling EV in Norway during February, with 384 units up 47 month per month.
So this is very good.
This was early in 2022, February, um, obviously, and cumulative it's only 50 000 Vehicles delivered so this um, but this is still good news that you know they're one of the best selling vehicles in Norway and for the most part, the entire Norway market.
Auto market is basically transitioning over to eev.
I think this is great hits record.
80 EV sales share in 2022, so just kind of want to combine those two things together.
Give you guys an idea of what's going on there and then also we did get some new guidelines as far as the tax credit incentives and basically this is going to be more bearish for poster I.
Think they're, still I, think kind of messing around with the details on the new guidelines, but previously I think pull start did qualify for the incentive and uh so EV tax credit for Consumer releases, a positive development for industry.
I think this is going to be more bullish for Tesla.
Just from some of the stuff.
I was looking at and a little bit more negatively, impacting pole, star um, but you guys can kind of flesh out the details and stuff but uh for the most part, I got a different article that can kind of help.
Explain this and so uh.
Under these new inflation reduction details that they're, basically expanding I, can show you guys the numbers or the vehicles that are currently supported with this new starting January 2023 um, it might be upstairs actually uh higher up.
Sorry I had this article ready but I guess I changed because I was browsing through it, um, okay, so here's every electric vehicle that qualifies for the current and upcoming U.S federal tax credit.
So um you can read through this stuff on your own, but I just want to show you guys the table um with the current setup and if I can find it just had it pulled up.
Okay, I can't find it anymore.
Here we go I guess this.
Is it okay? What vehicles qualify for the tax credit as of January, 1st 2023 and here's the numbers? Basically I? Guess let me go back to the other one.
Some of the requirements basically are Vehicles need to be below um certain price, so 55 55k for cars and then 80 for SUVs and Pickups uh buyers.
Income needs to be a 300 if you file jointly and then I guess single filers, 150, so just half of 300, a percentage of critical battery materials and Battery assembly needs to be us based and then here's kind of the tricky fuzzy final assembly of the vehicle to make place to take place in North America.
So, as you guys know, most of the pole star vehicles are actually produced out in like different plants in China and stuff, and so that's, where it kind of gets, tricky and also I, guess some of the percentage of the materials they need to be us based and so last year Polestar actually did qualify.
Um for this credit, 7 500, um and I can show you guys that really quick um the current.
So this is the current tax credit, and this is like prior to 2023, you can scroll on down.
We have a long list of all these EVS that basically qualified Lucid Motors was in there Mercedes BMW Nissan Pulstar 2 2021 7500.
The long range was on there and surprisingly Tesla not currently eligible for tax credit right.
Then you also have uh ravian, but now with this update about this China or not China, but it has to be basically manufactured in the US and, like I, said they're still flushing out these details and stuff you can see.
Pollstar has been removed from this list and now Tesla, which was first previously not there.
Now the model 3 and model y are gonna, I think potentially qualify starting in January.
So that's why I kind of say it's kind of a bullish thing for Tesla and a little bit more negative impact for um pole star, at least in the short term, because I do think.
Pollstar is going to obviously come to the north North Dakota or South South, Carolina, I'm, sorry, uh, and then you know the P3 will definitely become hopefully eligible for some tax credits, but that's way down the line because P3 is not even supposed to be ready by until like Q3 or Q4.
So I don't think this tax credit thing is um gonna be good for him in the short term, but once they get that going should be something to look forward to so yeah.
This is just I, guess negatively impacting them, and you guys can kind of go through and read some of these details, but I think that's a pretty good, hopefully I kind of broke that down pretty well um, so just changes to the uh US federal tax credit starting this year, which is positively impacting Tesla and negatively impacting some of these other non-us manufactured EV.
So BMW and stuff like that, so uh.
What's up welcome uh Happy, New, Year, Happy, New Year to you guys, 220k, just in the last quarter, inflation reduction would benefit GM more than anyone.
That's that's facts, though um they have more selection within the tax credit, exactly I, actually I didn't even pay attention to that.
I think Ford got removed from this list.
Let me see kind of scrolling down.
Oh no Ford's, still here, yeah Ford's still here, GM is not on here anymore, but, like I said: oh there it is they're up here.
My bad I forgot GM goes under Chevy yeah, so yeah it looks like all us-based manufacturers are definitely gonna still benefit from things, but I guess.
The main thing to point out here is Tesla, got added and negatively poster got removed and some of the other Euro stuff, like BMW and Mercedes I, believe got off yeah, so just something to point out there um.
Let me let's move on along since we're just kind of talking about European stuff.
This is a pretty big announcement.
This came out today or yesterday, Volvo enters autonomous driving market via company acquisition, so they were kind of already invested in zinsek.
It's an automatous driving hardware and software supplier, but today they basically announced that they fully acquired them so now they're, basically under the parent of Volvo, and this is going to positively impact pollstar and Volvo, because they've got software and Hardware that's going to help produce the P3 um.
But let me just read some of it.
Well, many auto manufacturer automakers now view autonomous driving products as the auto Industries future.
Recent history has shown that can be a high volatile Market.
A month ago.
Forest Ford was forced to divest from its autonomous vehicle company after struggling with profitability, now hopes to hit to try its hand buy now autonomous software and Hardware supplier, zentec, um Volvo had already purchased some shares of zintech, but now has purchased the remaining shares from Minority owner e-car, X um, so yeah now his Intex 100 Volvo and basically, what they're going to do is help power.
The P3 um, most recently zintech worked with Volvo to introduce our Thomas driving capabilities to the upcoming ex90 P3 uh and they're also becoming subsidiary of um yeah Volvo, so there's still kind of basically get some benefits from it and I believe they're working with Nvidia yeah they're working with big names like Nvidia to help deliver this product, so I did look at their website and stuff um, there's not really much to go off on off of honestly, it's just AI powered software for autonomous driving and Advanced Driver assistance combines in-car software and cloud services to our rigorous protection on the road and there's like a few different steps on it.
I'll have to find it yeah so offers three different modes of operations.
Drive cruise and ride so uh in drive mode, you drive, helps avoid collisions in Cruise mode.
You know supervision, you take control when needed and then end ride mode you relax and it takes complete control of the car.
So um things pretty interesting.
You guys can definitely check this out on your own, but obviously it's going to be something that comes with P3 poster three.
Why? I only that's one of the main reasons I wanted to mention.
This is because um, basically since insect, is under Volvo and for the most part, most of the time pole star benefits from anything that Volvo's basically involved in.
So let me know your thoughts.
Is this kind of small stuff? The big thing, obviously, is the 50k and I guess some changes in the tax credit.
It's also kind of big.
Now that I think about it.
But let's talk about these production numbers for Tesla.
How do you guys feeling about these numbers? I was reading a little bit through it um.
Obviously they missed expectations of things like 400 000, something that they were expecting.
They only got 405 um, so they missed the Target and there's a few different like things to kind of take away from it.
Obviously um, maybe demand or slow down in production.
There's got to be some reasoning behind also I think they're doing like extra incentives, and things like that.
So let me show you guys some of the numbers company handed over 405 278 vehicles to customers in the last three months, short of the 420, no no memes there, but average estimate that Bloomberg was basically compiling.
So it's still a record year for them, I mean they're growing, pretty big I think it's like 30 or 40 that they grew from last year um.
But it's just I mean at the price that Tesla's trading at it's definitely not going to be like taking well if they miss any delivery, stuff I think them.
The stock was going to get impact negatively because it has a high PS ratio and just for guidance and stuff um and then I think.
The other thing I wanted to show you guys is they're cutting some of their prices and some of their production in in China, and then they also on top of that offer the 7 500 discount.
So in an Ideal World, the 7500 would be good.
Um cutting prices and vehicles would be kind of good, but I think some of these things could be concerning, because, with higher interest rates, basically people can take out less loans to buy a car.
People have to start, you know, taking care of more necessity, things and more luxury things, so just in just in general, I think the automotive, automotive, Market kind of suffers in recession times and uh yeah, so um yeah.
This is kind of alarming I, guess um and you guys already know that how long it's been down uh, there's one article I want to touch on, and it's actually a pretty good one.
It's basically Tesla car sales grow slower than expected, implying concerns, and so we'll kind of just read a little bit of this and then we'll kind of get to the charts.
If you guys are interested in that so delivery Mondays last three months of year, Rose 18 from previous quarter, obviously disappointing the analyst um, and so they need to get back to focusing on making Vehicles rather than being on.
Twitter is what they're saying the numbers I've already kind of showed you guys this quarter, 405 last last year's same quarter was or this I'm sorry yeah.
This past quarter was 343 um, so total of 1.3 million in 2022 40 increase from the year before so I was close on the percentage.
It said: 30 percent um where's, the important stuff fourth quarter delivers were well below forecast of analysts, who have already lowered their expectations and less than Tesla Executives have suggestions there's a few months ago, so they said that they would do about 440 uh this quarter, so 34 000 more than it delivered suggesting that supply chain problems and production.
Those were not the main explanation for disappointing cells, and so that's kind of if it's not like a production supply chain thing and then it's more of a demand issue, so they're, obviously producing stuff and they're cutting production.
So it's not like that's the issue, it's more like on demand, so that's kind of weird too, because, like just in general, some of the other Automotives they're showing some some weakness in the market.
But then pollstar hasn't said anything like that.
So I don't know if it's like different in different markets, because the biggest sellers for Tesla are China and the us, but pulse Drive I feel like European, has a good, pretty good market for pole, star and some of the other like Australia and some of these other ones.
But what do you guys think? Let me read a quick comment: um I still expect Tesla to go down below 100 or it could be capitulation.
Maybe in 90.
the competition is getting heavy and their profits are taking a hit.
Yes and that's a very good point.
Uh the competition I think I was reading a little bit about that.
Maybe I can find it um.
So one of the reasons I was going to talk a little bit about this um Tesla's, offering the model 3 Model Y in China and they're doing 1400 like uh incentive or whatever, basically just because they are seeing like some China demand, slow down, but also competition right.
So pole, Stars kind of in the market now uh you've obviously have Neo and stuff.
So definitely market share is decreasing for Tesla, I, think um and they're basically going to continue this little incentive thing starting in 2023.
So it is a little worrisome.
So that's one thing: that's very good about um pollstar or some of these other ones that they've been beat down, but Tesla was like pricing in so many so much forward, guidance and stuff.
So now they've got to come back down to more realistic prices.
I think yeah company faces more intense competition from traditional automakers, four General Motors Volkswagen exactly on point.
These companies have Decades of experience, mass production Vehicles cheaply, and some investors believe that these car makers would catch up with Tesla more quickly than expected right and so that's kind of something.
I've talked about a little bit back, then you can only really invest in Tesla, because that was the the only Eevee and publicly traded.
If you wanted to invest in 40, we're still investing in more like ice vehicles and stuff they hadn't really transitioned.
You kind of would get a sense that they would eventually do that pivot.
But Tesla was pricing in a lot of growth that nobody really had exposure to.
But now you have Pulstar, you have lucid Arabian like a lot of people, a lot more options right, so people don't have to.
If they want to buy an EV, they don't have to just simply buy a Tesla where I mean back, then Tesla was a unicorn.
It was you know it was the only thing.
If you want to need an EV, you had to go to Tesla.
You would have to settle for like a hybrid and get like a Chevy or something like that or or a Prius or something, but now that there's actually full EV Vehicles out there I just went to the BMW dealership today and they've got BMW Chargers there for I mean for some of their cars too.
So it's like there's different brands and automakers that you can actually pick up now yeah.
So that's all good Tesla also faces softening consumer demand, partly because of rising interest rates yeah.
So people let more higher interest rates, means people can't borrow the same amount of money as they used to so now that you gotta be more strategic with what loans you take out, so that kind of hits demand a little bit and that's going to be for everything not just pulse or pole, star Tesla, it's like uh all the industries.
So that's about to wrap up on the news, I think um.
Let's hop on over to charts, so we're talking about five dollars.
This was actually very good.
One thing I want to point out is I think end of December.
We were talking about potentially selling and stuff.
Surprisingly uh, we haven't really seen much selling so either some of the investors didn't get out.
Um also I think if they wanted to get out, they probably would have gotten out just to do tax harvesting, um, so I think the selling for that shareholder lockup might be over possibly, but the safe number for me is going to be like 540 and we've kind of talked about this.
We had a huge consolidation here: Gap up came back down.
We had this as a support and then once we broke that we're gonna fill that Gap there.
Now we have this ascending support here um, but we have five dollars as a support as well now.
So these are basically the levels that I'm watching um and we talked about this 540 range for a while I think we were back here and then kind of went up there and obviously got rejected.
So we're kind of in a weird um spot right now, I think we might pull back a little bit more, but as long as we tell as long as I mean as long as we hold five dollars, I think we should be good and you can kind of see it pulled back and it's starting to climb back up now.
This could potentially form like a double top here, like a small, smaller time frame.
But that's the main target is to break outside of this range right, so it could basically go up here and then get rejected and then I mean we could definitely see five dollars.
If we break I guess the main thing you want to see.
Is it holding an uptrend right? So it's probably going to go up to 540, my guess just depending on the market, but you really wanted to break out and then um and then go back to the breakout side, because I think if we can get outside at 5, 40.
and we'll we'll be looking pretty good, I'll be feeling a lot more confident.
People don't want to buy at the bottom right.
People want to buy one, the charts, obviously showing a change in Trend and what I mean by trend is.
We were basically in this downtrend.
These red lines here were basically basically broke out of that.
So I think the chart looks good, looks a lot better um and this could also be I, guess, possibly an inverse and shoulder still technically um.
Let me see if I can zoom out, for you guys uh inverse and shoulders or you could do a full flag here.
I think something like that or you could even do the cup and handle.
So this would be the cup and handle here kind of short they're not going to sell until the 11th I thought they could start selling at the end of the summer, I was doing the math on one of these live streams.
These last live streams and I can show you guys it's like 180 days, since we went public and I think the day we went public was like in June.
Let me just look it up.
You guys can help me correct me if I'm wrong, Pulstar uh, IPO yo, we just do that.
It was June 24th, All-Star becomes latest public emergency go public via specs, begin trading on Friday under ticker, so this was Friday June 24th.
So what we're gonna do is days between.
Maybe I got it wrong.
The last days between do that really quick um! Oh wait! A days.
Yeah add this.
We want to do add days so June 24th that really quick 2022, then we're gonna, add 180 days.
Pretty sure 180 days is the calculate new date, so yeah December 21st, is what we got last time or something around here like and last week of December uh, so we've already basically traded like two weeks.
I would say: I know it's kind of a slow volume week for just because of the holiday season, but some investors it looks like they were able to get out so they're not going to sell until oh eleven dollars who's.
Not oh, maybe you're.
Talking about the the investors, yeah yeah, I, guess what I'm just saying is: uh they're able to sell from from what I think um yeah, no I, think the chart looks great um finally forming these higher lows.
So this will be the first load here and then we're finally breaking to higher lows, but the main thing is to get above, 540 I would say, and then you start looking at other ranges.
We can start looking where's my line.
I guess you would obviously 646 that's the next range there.
You got consolidation key here basically, so this is why I would think this level's pretty strong.
We got there so history around here right.
We've got some struggle going above this level, some struggle going above this level and then on the on the downturn we were having, as we were using this as a good support.
This range I guess like a dollar increments, is basically a good summation, so yeah that'll be the next level that we would watch right now.
It's inside this mini range here between the Gap, so the Gap is filled.
That's nice! Now we're breaking back above as long as we hold five dollars.
I think we can continue working our way up and then from a bigger picture, like I showed you guys we're outside of this downtrend all right.
This red line that I got marked out there, so I think the chart looks good.
What are you guys how you feeling bottom is done at 410 yeah, hopefully, hopefully, I I think we've covered the chart pretty well on the channel here, so I'm feeling good um support levels, though, if we get underneath five, then I will honestly just watch the support here here, which I guess I can just draw this out longer like right here.
I would just watch this line.
If, basically, if we break under five, we still have like 480 a support.
Now, because we've got some consolidation days here, but I think everything looks pretty good.
I think the overall Market looks bad.
The Tesla numbers are bad for just the sector um, but I think the chart itself looks nice and uh.
It's pretty cheap, five dollars um.
How are you guys feeling, though, the next earnings is huge? It is, and we yeah 1.2 billion approximately just yes and they're not going to have that listing fee which is going to bring down some of their costs right so which is within the exactly just the P2.
So we'll definitely look at guidance, because I think um guidance will be a thing too right, we'll start seeing how their P3 is going.
Um I did share some details about the acquisition with Volvo, so that's good, um they've got features coming with that and then we've just we I mean.
The first thing we talked about today was the 50k goals met by December, 31st and uh.
Just looking forward to these new new earnings right, like I said we don't have any listing fees which is nice and then also I, guess macd here unrelated, but it looks like it might be.
Crossing, which is nice, so I think we could consolidate around as long as we hold five dollars as the the main level I would say, uh I think we should be all right.
I think we could consolidate here, but these are like the two different ranges like five to five forty and then 540 I.
Guess two six.
You could say but yeah, let's just put six up there, uh yeah we could have.
This is just different ranges this this range here this range here and this range here but yeah I- think that's all I have um spy I, don't know the features open.
Yet let me check real quick text.
Real quick, yeah, we're good how's everybody feeling I should make this video too long about 28 minutes long I think we did pretty good anybody have any questions.
Anybody have any comments.
Any thoughts, how's everybody feeling with their with their shares, so Futures are up yeah.
Let's go that's good they're up, 0.34 I can show you guys.
Futures, we'll show we'll show some features, really quick and then, if you guys have questions I'll answer them.
If not we'll wrap up the video.
Let me go to my watch list.
I, think that's where I have them and then tonight I'll be back on hopefully, and we'll talk about just stock stock watch or whatever.
We have listed, these are the Futures uh, Hang, Seng futures looks like these aren't open yet actually, but the spy features are open right here here we go point three: four percent, four.
Oh it's point three now but yeah we're up right now and I think this is very optimism.
I think a lot of people are probably done tax horse, obviously those same people that sold for like a tax loss, they're gonna, hopefully start buying stuff at back in right.
If there's no news I feel like the market either does like this and we can pull up the market.
We should pull up the market, but for real the market either like.
If there's no bad news, it does this sideways movement upward kind of tilt, it's kind of like diagonal tilt to the upside.
If we get bad news, then obviously you get these sell-offs, but yeah.
That's basically what was happening.
It's it's if you're a bear like I am it's bearish I mean, but right now, I think the Spy is consolidating here.
I think we're getting ready for a break and I think some of the data coming up this week will definitely kind of pivot.
For us, um, so I think I think that's about all I have do you guys want to talk about? Let's see we're gonna do a separate video but yeah I I'm really excited for the for the for the Pulstar and for Tesla I guess Tesla needs to show some strength, and then this will help all the other automakers yeah.
Looking for the macd crossover on The Daily, these are all daily candles, Gap filled as higher levels, higher lows and then breaking out of 540.
Now, like I said we get we get under five, then we could retest the lows again um, because I did talk about this head and shoulders one time right, there's a shoulder, a head and a shoulder, but if we can get back above this, this range here that would be very nice because then it would mean this isn't even a head and shoulders and I'm overthinking stuff, so yeah, um I hope you guys tune in to the next live stream.
We're gonna do a stream with just stock watch list and stuff and I.
Don't really have much else to say about the chart you guys can see.
This is the like the super resistance here at eight dollars.
This is probably where a lot of people are like shorting, it heavily um.
So that's going to be a strong resistance, but I think slowly and steady also I want to point out, like obviously the economy is like super bearish and it's like very depressing and stuff.
But that doesn't mean it's gonna happen overnight and it's not gonna just happen.
The first day of January, and that doesn't mean stocks will only go down.
It's like gonna be a lot harder than it than you'd.
Think right, So like um, just because we're bearish for some bad news.
That doesn't mean things are gonna.
You know completely like overnight.
So, like example, Tesla, like yes, I, had a huge sell-off, but I think it was up these last two days right.
So if you started shorting again now you're down so things like in the long term, I think obviously more downside but um short term.
There can be these big swings and that's why this Market's like very difficult, like it's hard to make money right now.
I'm, not gonna lie but yeah Tesla, I, don't I, don't even know this thing.
I don't know, I think it could probably go back up to 155 150., just based off like charts here, because it sold off pretty aggressively and it's held this I guess 120 level.
It um and also like I, was watching some of some of these other YouTubers and stuff, and just like some things to think about is, like you know, the fed's gonna manipulate stuff right.
So it's not like is everything's gonna go straight down.
They're gonna! Try to kick the can down the road, and that's like that's.
Why, like the Spy hasn't like like just straight, sell it on like sold off like it comes down, comes back up, it's just very difficult right, but this will be a pattern that I watched this pennant right here.
This can definitely break out both ways.
It can go back up and I think we might break back up just because we have a cap up here.
So that's the thing that I'm bullish for is the gap up here.
Um to the downside, three three: seventy is probably the downside.
um to the upside, like 396 for The Gap, fill I, expect a good positive response to my yeah I.
Think so too.
Hopefully, um yeah, main things to watch for Pulstar is if they announce the 50k like his actual PR.
That would be nice um, holding five dollars, I think so.
I don't know if you guys saw, but the the day's range was 512 to 539 ended up close.
It was down for the day, but it ended up closing towards the high.
So there's definitely like strength in it, especially on a very low volume day.
I think it only had like 1 million in volume.
Let me just pull up those numbers, really quick gold hope you guys are having a good day, though.
Let me show you guys the metrics here, so it was like a very low volume date.
That's very good because it's like either the shorts aren't either the shorts are on vacation or they're, just not shorting anymore, but the volume was only 1.8 on average 2.8, and so it ended up closing towards the high 3953 539 was the high 531 was the close.
Then it kind of our gold its way back up.
So it looks like maybe short-term stepping off the pedal a little bit, which is good and yeah.
You can see that here right so broke above then Consolidated pulled back and now it's looking to get to the basically this resistance, uh six likely six two with meeting the last quarter.
Go you think six dollars, 20 cents will be tomorrow, I think that's a big move.
That's a big move.
I! Think yes, I! Think six dollars is more realistic, I mean not tomorrow, but yeah I, don't know five five eighty I would say: 580 is also a range you could add in here.
These are on smaller time frame, picks 620, that's like I mean I wish.
I was buying more shirts here and not gonna lie I'll, be looking for a pullback to five and then I might add some shares again.
Honestly um, let me show you the number for 6 12.
So are you saying 620? Let's just say, 6 30.
he has like a 18 move and I I mean it's done like some big moves.
I think anything like close to five is a good intro.
For me, honestly, um I would be missing like 15.
If I started, buying shares like more shares here.
I would miss like 13 from the lows near the lows, which is not bad but I'm gonna be cheap and I'm gonna wait to see if I can get them closer to five, not some shares yeah.
The thing I like about pollstar is like overall like yes, the economy is bad, but I.
Think in an ideal world, like everything, is kind of firing on all cylinders.
They've basically had targets, they've met their targets, they're actually executing things.
They've raised cash because they know that they're aware that they might need that like and then they've got Volvo like and they're getting like benefits through that and geely um.
Hopefully, expansion into you know the South Carolina stuff, yeah I mean I, think I.
Think it's good evaluations is still I mean it could be high, but I don't know.
466 million shares 2.48 billion.
It's the price of sales is not bad like because we're bringing in like a billion.
So it's like two two, like a two price of sales, Maybe yeah.
We can actually look at some of those things too, really quick and then I'll wrap up the video, because I think people that watch the video later get mad because I make these long ass videos uh.
Let's just do psny market cap 11 billion- is that right, I, don't think that's right! Is it I? Don't think that's right? Is it at five dollars? I think that's right! Actually, 11 billion? Why did this say? Market cap, 2.4, yeah, I? Don't think that's right! This is right, 11 billion.
So at ten dollars it was a 20 billion market cap.
So yeah it doesn't make sense, but 11 billion, so they're like trading at like 10 prices, sales or something for prices sales- oh right, they don't have any of these income numbers because they they haven't been Trading long enough.
I can't really help them because uh most of these numbers are still not publicly after they trade in the market.
For like a year, then you can get these trailing 12 months data and you can start looking at stuff, but um based off 11 billion and they're, bringing in like 1 billion a year.
It would be like a price to sales of like B.
What would it be like 10 I? Think four P Price to sell is two I think this would be like a 10.
Sales I believe is uh market cap divided by Revenue.
Let me see uh.
It shows how expensive a stock is.
Market cap divided by Revenue yeah, we'll get some numbers, hopefully soon.
Sorry that I didn't help with that um, but yeah I like the chart.
Anybody have questions.
The cost to borrow is high yeah.
We got that uh.
How did how did I find? How do we find that cost cost? To borrow? Where do we go? Fintel fintech until let's go here, artificial intelligence? Let's just look the stuff up before I close up chop, then we'll be back and we'll do some stock market news or stock stock list I'm.
Making this video way too long.
My bad y'all, let's just look at ownership ownership um! Oh, we gotta go to short data.
It's been a while, since I used this okay days to cover 4.82 days short interest of the flow is four percent.
That's pretty big um ratio, short ratio volume is 58 percent stuff that uh Cahoon is talking about is down here uh.
This is last time stamp shorts available to short 10 000 coming down, and then it looks like this is what the borrower rates are.
It's a hundred percent wow, that's crazy interest rate every 30 minutes.
This represents borrow reads for the day, with the rate at start of the day, end of the day, minimum rate maximum and uh, unlike the options implied bar rates, are source for this data always presents them as positive numbers and represent annualized interest rate that is paid by the borrower for shares.
So it looks like they're paying about I guess minimum 100 percent of what they're shorting is that right and then the short volume ratio is 58.
It's still relatively High lower volume, though you can see 900 000, this used to be like in the millions or the yeah on the Millions.
Anyway, that's a quick rundown of some of the stuff that you guys are talking about.
I'm gonna, wrap up this video I appreciate those that tuned in and those that added some good commentary in the chat appreciate you guys, Big, Kahuna and BB appreciate you guys hitting the like button.
For me, we got some good likes today appreciate it.
If you guys have questions, let me know in the comments or let me know what com, what other content you guys want me to cover? Ah and yeah I hope you guys found some value and I think we presented some good some good data today, we'll be back later with another video wish.
You guys a Happy, New, Year and uh yeah.
Let's, let's make this one a good one, you're doing great.
Keep it up, appreciate it.
Man, you guys, take care, I'll, see you guys next time, peace.
Stock Price Forecast
The 4 analysts offering 12-month price forecasts for Polestar Automotive Holding Uk Plc have a median target of 5.50, with a high estimate of 7.00 and a low estimate of 4.00. The median estimate represents a +41.03% increase from the last price of 3.90.
So, why should you invest in Polestar Automotive (NASDAQ:PSNY)? The answer is that PSNY stock is likely to gain substantial value during the next couple of years due to Polestar's improving financials and ambitious plan to sell tens of thousands of EVs.How much cash does PSNY have? ›
PSNY has a market cap or net worth of $8.12 billion. The enterprise value is $9.00 billion.Why is Polestar stock going down? ›
The stock's decline is attributable to the company cutting its 2023 vehicle delivery guidance, citing the pushback of the start of production of its Polestar 3 due to software issues.What is the price prediction for PSNY in 2024? ›
On average, Wall Street analysts predict that Polestar Automotive Holding Uk's share price could reach $6.50 by May 12, 2024. The average Polestar Automotive Holding Uk stock price prediction forecasts a potential upside of 68.83% from the current PSNY share price of $3.85.What is the PSNY forecast for 2025? ›
The average PSNY price prediction of 2025 represents a +274.18% increase from the last price of $3.91.Does Polestar have a future? ›
Polestar's future plans involve production of 3 BEVs, which include the Polestar 3, a luxury BEV SUV with estimated deliveries starting in the fourth quarter of 2023 at a starting MSRP of $85,300, the launch of the beautiful looking Precept concept car that will be realized as the production model Polestar 5 sometime ...Is Polestar a buy sell or hold? ›
The highest analyst price target is $7.00 ,the lowest forecast is $4.00. The average price target represents 52.35% Increase from the current price of $3.61. Polestar Automotive Holding UK's analyst rating consensus is a Moderate Buy. This is based on the ratings of 4 Wall Streets Analysts.Will Polestar be profitable? ›
Polestar is expected to grow revenues 53% in FY 2023 and 170% in FY 2024 as the company continues to execute on its expansion plan.
As of July 2023 Polestar has a market cap of $8.40 Billion. This makes Polestar the world's 1726th most valuable company by market cap according to our data.
Largest shareholders include AMF Pensionsforsakring AB, BNP Paribas Asset Management Holding S.A., Saba Capital Management, L.P., Invesco Ltd., Susquehanna International Group, Llp, Alyeska Investment Group, L.P., Elliott Investment Management L.P., Geode Capital Management, Llc, Bank Of America Corp /de/, and ...Does Polestar have debt? ›
According to Polestar's latest financial reports the company's total debt is $1.76 B. A company's total debt is the sum of all current and non-current debts.Is PSNY overvalued? ›
Slightly overvalued with limited growth.Does Polestar pay a dividend? ›
Polestar Automotive Holding UK does not have a record of paying a dividend.Who is Polestar backed by? ›
Polestar is a Swedish automotive brand established in 1996 by Volvo Cars' partner Flash/Polestar Racing and acquired in 2015 by Volvo, which itself had been acquired by Geely in 2010. It is headquartered in Torslanda outside Gothenburg, Sweden. Vehicles are produced in China.Is PSNY stock a good buy? ›
According to 4 stock analysts, the average 12-month stock price forecast for PSNY stock stock is $8.75, which predicts an increase of 129.06%. The lowest target is $6.00 and the highest is $12. On average, analysts rate PSNY stock stock as a hold.What will NIO be worth in 2023? ›
NIO stock price stood at $9.69
According to the latest long-term forecast, NIO price will hit $10 by the end of 2023 and then $15 by the end of 2024. NIO will rise to $17 within the year of 2025, $25 in 2026, $30 in 2027, $35 in 2028, $40 in 2029, $45 in 2031, $50 in 2033 and $55 in 2035.
The company aims for 80,000 units this year, which means that the volume must increase. Polestar announced that its global electric car deliveries during the first quarter of 2023 amounted to approximately 12,000 units.Where will Nio be in 10 years? ›
According to our NIO Stock forecast, NIO is expected to experience impressive growth in the years ahead. Currently priced at $15, it is estimated that the stock could reach $30 by 2024, $80 by 2025 and $150 by 2030.How much is Polestar 2023? ›
The 2023 Polestar 2 starts at $48,400. The Dual Motor model kicks off at $51,900, and tops out at around $65K with all the available features and upgrades. The 2023 Polestar 2 EV is priced attractively when compared with other upscale electric vehicles.
The Standard range Single motor version is now capable of up to 518 km WLTP, an increase of 40 km, and the Long range Single motor variant can now achieve up to 635 km WLTP, an increase of 84 km.Who makes the 2023 Polestar? ›
2023 Polestar 2 Review
Polestar is the all-electric offshoot brand from Volvo, and the 2 shares much of its EV tech and underpinnings with the Volvo XC40 Recharge SUV.
Polestar Automotive USA debuts Polestar 3, the SUV for the electric age, in North America with coast-to-coast events. Tailor-made for the North American market, and to soon be built in South Carolina, Polestar 3 will deliver the brand's second phase of commercial growth, following record sales and deliveries in 2022.What is the dividend yield for PSNY? ›
The current dividend yield for Polestar Automotive Holding UK as of June 16, 2023 is 0.00%.What are Polestar sales targets? ›
The company currently only makes one model – The Polestar 2 – but hopes that the new additions to the line up will see sales grow further. It is now targeting 80,000 global sales in 2023, and 60 per cent year-on-year growth.Who are Polestar biggest competitors? ›
Polestar's competitors include Tesla, Xiaopeng, Rimac Automobili, Fisker. Polestar ranks 3rd among 802 competitors.Who is investing in Polestar? ›
|Apr 2021||SK Group Chongqing Chengxing Equity Investment Fund Partnership Zibo Financial Holding Zibo Hightech Industrial Investment||Growth Equity VC|
|Sep 2021||Gores Guggenheim||SPAC IPO|
|Sep 2021||N/A||SPAC Private Placement|
|Nov 2022 *||Volvo Cars||Post IPO Debt|
Volvo bought Polestar in 2015 and established the Gothenburg, Sweden-based brand two years later as a standalone performance electric vehicle manufacturer.What is the highest price for Polestar? ›
|Model||Base Price||Effective Price|
|2023 Polestar 2 Single Motor 19-inch||$48,400||$49,800|
|2023 Polestar 2 Dual Motor 19-inch||$51,900||$53,300|
|2023 Polestar 2 Dual Motor Perf Pack 20-inch||$57,400||$58,800|
|2023 Polestar 2 Dual Motor BST edition 270 21-inch||$75,500||$76,900|
Polestar ended with about $1 billion on its books. Both amounts are enough to fund the companies for several more quarters. Rivian and Lucid, like Fisker and Polestar, have cars on the roads and ramping sales. Rivian is expected to ship roughly 60,000 units in 2023, and Lucid should ship about 20,000 vehicles.
The Polestar 3 will start at $83,900, plus $1,400 for delivery. It includes some of Volvo's most advanced safety tech packed into a shapely body with up to 517 horsepower. Electric automaker Polestar today revealed its third product — a sleek, sporty SUV with up to 517 horsepower and a targeted range of 300 miles […]Did Polestar stock split? ›
We currently have no Split History on this stock.How many shares does Polestar have? ›
Polestar is owned by Volvo, which is owned by Geely.What is the most debt car company in the world? ›
- Toyota Motor Corporation. It takes money to make money. ...
- Evergrande Group. ...
- Volkswagen AG. ...
- Verizon Communications. ...
- Deutsche Bank. ...
- Ford Motor Company. ...
- Softbank. ...
Polestar Automotive (PSNY)
Polestar Automotive (NASDAQ:PSNY) stock is an undervalued penny stock to buy from the EV space. It's worth noting that PSNY stock has declined by 30% for year-to-date 2023.
The Company has experienced strong growth over the past five years establishing a global footprint with over 100,000 cars on the road across 27 markets. It recently launched two new cars – Polestar 3 and Polestar 4 – to address the popular SUV segment.Is NIO fairly valued? ›
It is regarded fourth in price to sales category among related companies fabricating about 0.09 of Price to Sales per Price to Book. The ratio of Price to Book to Price to Sales for Nio Inc Class is roughly 10.62 . As of 22nd of June 2023, Price to Sales Ratio is likely to grow to 2.32.Which company is overvalued? ›
|S.No.||Name||Div Yld %|
Is Persimmon a good dividend stock? Persimmon (OTCMKTS:PSMMY) pays an annual dividend of $1.46 per share and currently has a dividend yield of 5.56%. PSMMY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for PSMMY.
Polestar Automotive (PSNY)
Polestar Automotive (NASDAQ:PSNY) stock is an undervalued penny stock to buy from the EV space. It's worth noting that PSNY stock has declined by 30% for year-to-date 2023.
PSNY does not currently pay a dividend.