Where Will Polestar Automotive Stock Be in 3 Years?

The high-performance EV maker could deliver low-performance gains. Polestar Automotive (PSNY 3.16%) has disappointed a lot of investors since its market debut. The electric vehicle (EV) maker, which was spun off from Volvo, went public by merging with a special purpose acquisition company (SPAC) in June 2022. Its stock opened at $12.98 on its first day, but it now trades at about $1.60. Polestar lost nearly 90% of its value as software issues and supply chain constraints throttled production. The macro and ...