Compare the market cap of Rivian at $125B vs Polestar at $15B. Now google search Rivian and Polestar. Rivian EVs look worse then their IPO evaluation! Granted they do have Polestar beat with their T-shirt revenue. Jokes aside, I think Polestar is in for some more hype before this run is over. The chart shows GGPI filling out nicely at these levels and looks like...
Gores Guggenheim Is the Rare EV SPAC That’s Not All Talk
It was recently announced that Swedish electric car maker Polestar Performance AB will be going public via a merger with special purpose acquisition company Gores Guggenheim (NASDAQ:GGPI). The new company will be renamed Polestar Automotive Holding UK and is to be listed on Nasdaq under the ticker symbol...
I am ultimately bullish long term, but rather bearish until we see some sort of pullback after this STOOOOPID AH run up. Tutes own A TON of the float, we have some serious FOMO going on atm. Cash out all equities, and options, still holding warrants. Will reposition myself when I see fit.
EV SPAC PLAY. Tesla, Lucid Hype. Total Speculation Play, SPAC hype, Luxury EV hype play.
As of now watching this flag. Will watch how price action forms.
Needs to hold above 15.00 and on or can see it test 10-12 area.
If it holds 15, goes and tests 16, we can see 20.00
Have a Happy Day.
#GGPI aka Polestar – consolidating nicely this morning, needs to hold 12.8 before breaking higher
This stock could explode this week, with Polestar set to go public very soon via this SPAC. If Rivian has anything to go by:
Polestar vs Rivian
Cars delivered – 10k vs 15!
Exp Val on launch - $20bn vs Rivian already at $120bn
Polestar backed by activist...
So lots of call options for 15 on friday.. will most likely get pushed just below that magic number then rocket monday imo.
good luck all not financial advice
Huge volume spike!!! With 100 M outstanding shares compared to LCID's 1.6 B (92% owned by institutions - low supply/rising demand), with cars already on the road in Europe, an AAPL like showrooms in the US, fixed price models, made from recycled materials with massive distance on a single charge, autonomous capabilities, and a stylish frame, there is no doubt...
Gores Guggenheim, Inc. is a blank check company. Its purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on December 21, 2020 and is headquartered in Boulder, CO.
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