Polestar Automotive Stock: Buy, Sell, or Hold?

Should you invest in this unloved electric vehicle maker?When Polestar Automotive (PSNY 1.53%) went public by merging with a special purpose acquisition company (SPAC) in June 2022, it initially seemed like a promising electric vehicle (EV) stock. It was backed by Geely's Volvo, manufacturing thousands of vehicles per year, and had a clear roadmap for the future.Polestar's stock opened at nearly $13 on the first day but now trades at about $1.30 per share. Like many other SPAC-backed EV makers, it ran out o ...