That-Whereas3367 t1_ja87i9s wrote on February 27, 2023 at 3:57 PM

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).

Sudden-Baker-9943 t1_ja9xav3 wrote on February 27, 2023 at 10:31 PM

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

That-Whereas3367 t1_jab4av3 wrote on February 28, 2023 at 3:44 AM

Polestar cars are great. But the corporate structure is suspect.

roaring_alpaca OP t1_ja8ouub wrote on February 27, 2023 at 5:49 PM

Exactly way undervalued