Polestar way undervalued ev stock

Submitted by roaring_alpaca t3_11dbzw1 in wallstreetbets

Polestar thursday earnings, 1B + revenue q4 expected. Market cap only 10B

Fisker does 300k revenue, and is worth 2b and up 10% now? Does it make sense?

Polestar gross profit margin 2/3%+ Lucid and rivian -171 and -213%

Polestar does x2 car sells from rivian and lucid combined! And have a 226m share float available

So i am asking, is everybody here so dumb or whats the case?

Fisker once went bankrupt in 2013 and will bc again. I dont care who buys polestar will be rich soon.

27

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carsonthecarsinogen t1_ja7pgk0 wrote

I’m not saying polstar is overvalued, bc I haven’t looked it over in a few. But comparing it to those companies will automatically make it seem undervalued, rivian, fisker, lucid are all doing next to nothing and valued like they are doing everything. Just something to keep in minf

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spenkey t1_ja8jtv0 wrote

In other words: relative value will eat you alive. Something can be both better and bad.

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DivinesiaTV t1_ja7rn95 wrote

Polestar is close to chinese ev valuations, and why? Cause its owned by chinese.

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roaring_alpaca OP t1_ja8owhm wrote

But the polestar 3 is made in usa?

2

Sudden-Baker-9943 t1_ja8zqgn wrote

They’re planning on opening plant in US but haven’t yet I believe. (Which means more $ needed to be spent ) It was a subsidiary of Volvo but sold to Chinese. But I think still made in Sweden or Norway??? Somewhere around there

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TylerInHiFi t1_ja9txhk wrote

It’s still technically sort of a subsidiary of Volvo. Volvo is Chinese-owned.

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That-Whereas3367 t1_ja87i9s wrote

PSNY is a subsidiary of Volvo. Geely Holdings (a private Chinese company) owns 82% of Volvo. But Geely has a MC of only USD15B. Something doesn't make sense (Hint the Volvo and Polestar valuations are total BS).

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Sudden-Baker-9943 t1_ja9xav3 wrote

Yes! Something doesn’t add up! Volvo then spun off but Geely buys Volvo and owns stock in PSNY and P2 made in China. Headquarters in Sweden… I love how the P2 and P3 looks. Love the new SUV and omg the roadster concept is so cool so I’ll be buying the stock. Not a YOLO but a bit. With all the mfg plants that they want to build in the US imo they won’t be making a profit for awhile

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JohnnyBurnam t1_ja7rqns wrote

I don't think it's highly undervalued. I'd say it's fairly valued. RIVN and LCID are way overvalued. Very different.

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Dothemath2 t1_ja7qj7x wrote

Volvo owns 49.5%, I think it’s like buying Volvo and they have the advantage of actually being a traditional car manufacturer with all the manufacturing expertise with additional funding from selling more shares on the market. I think they would be a far better option than lucid or Rivian but again it’s like buying a regular car company because you are buying Volvo.

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HeartFilled t1_ja7xknw wrote

I overheard that Hertz is planning to increase the number of Polestars the are buying.
I didn't know Polestar was publicly traded. I've started buying some shares.

4

ShootsnLadders t1_ja8sl7o wrote

I will say I live in Norway and there are Polestars everywhere. Then again there are EVs everywhere so take it with a grain of salt.

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Sudden-Baker-9943 t1_ja9xkkd wrote

They were (?) originally built there and headquarters are there. Just like Rivian is built in Illinois, I see them all over

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Sudden-Baker-9943 t1_ja91oy4 wrote

I really like the Polestar cars. Roadster concept is really cool looking. And the new SUV they’ll be rolling out this yr or next yr?? But trying to fig out who owns it is really confusing. Subsidiary of Volvo and volvo bought by Geely. Which is a Chinese co. Privately held by Chinese billionaire. Polestar separated and went public ‘20 or .21… but most of the stock still held by volvo/Geely?? Polestar 2 made in China…polestar 3 will - supposedly- made in USA… headquartered in Sweden… wtf

https://preview.redd.it/1fwcr4v4ntka1.jpeg?width=750&format=pjpg&auto=webp&v=enabled&s=2851bb0935a49b3db5cdb563bcef70bb6e54e58c

3

uuuuniverse t1_ja9k99h wrote

See a lot of Polestars in the Netherlands, spitting image of older Volvos, but electric. Don’t like the car but looks solid like Volvo

2

VisualMod t1_ja7o9oq wrote

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1

VisualMod t1_ja7oa7g wrote

>It doesn't make sense to me why Polestar is worth so much less than Fisker. They seem to be doing better in terms of revenue and profitability. I think the market is underestimating Polestar's potential.

1

roaring_alpaca OP t1_ja7oczc wrote

Yessir thats why its a x10 banger but just like DFV nobody listened to him at the start

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Revolutionary_Elk345 t1_ja7vmi8 wrote

Comparing market caps between companies that aren’t making profits is a foolish thing to do. Like Hi I just found the stock market and here’s what I see foolsih.

6

HamiChan t1_ja81si0 wrote

What’s the ticket symbol even

1

kayperis t1_ja8bnrf wrote

Psny will get traction once it can prove that it can create reliable products (no major recalls) in the coming year, that it can sell through the recession and have a path toward increased output with the competition in mind and at lower price points or will they stick to cars close to 100k?

1

Sudden-Baker-9943 t1_ja94vtu wrote

I had a bit of PSNY stock thought it would pop with the announcement of their SUV, and then read that they’re still building manufacturing plants and wouldn’t be profitable for a few years. Sold my stock which I bought around $4.50, for around the same price or a bit higher figuring it would go to around $4, and then it skyrocketed to over $9. Now it’s above $5 and I think it’ll go a bit lower then I’ll buy. Lucid car prices are too high and I dint trust Fisker, he likes to take the $ and run

1

Fun-Highlight568 t1_jac8xsd wrote

I think Polestar could become a big player in the EV market but calm down dude you look kinda obsessed.

Still, it would be a nice gamble alongside investing.

1

Dorktastical t1_ja83943 wrote

I've never heard of polestar before now, I've never seen one on the road. Ive seen fisker.

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Fun-Highlight568 t1_jac8mev wrote

Im the opposite, Ive never heard of Fisker and I saw some Polestars recently

2

wotton t1_ja821n3 wrote

Hasn’t polestar sold like a single car and produce like 1 car a month?

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