Polestar

Costco Wholesale‘s (NASDAQ:COST) auto program is offering incentives of up to $2000 for members on several EVs from Volvo, Polestar, Chevrolet, and Cadillac. What Happened: The deals run from May 1 until July 31 for Costco members who buy or lease certain EVs from the four brands, including...

In a recent development, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) has announced that Geely Sweden Holding is potentially becoming a new shareholder. This move is part of a broader strategy that could see a shift in Polestar’s ownership structure. What Happened: In a recent press note...

While Chinese electric vehicles (EVs) have been gaining popularity globally, their entry into the U.S. market has been notably restricted. What Happened: A report by the Wall Street Journal sheds light on the trade barriers set up by the federal government, which have effectively limited...

In a recent development, Swedish electric vehicle manufacturer Polestar (NASDAQ:PSNY) forged a partnership with South Korea’s leading battery producer, SK On. The collaboration involves SK On supplying battery cell modules for Polestar’s upcoming Polestar 5 electric 4-door GT. The...

Gores Guggenheim Inc (NASDAQ: GGPI) was soaring up more than 13% on Friday, heavily outpacing the general market, which saw the S&P 500 trading up about 0.7%. The special purpose acquisition company (SPAC) is expected to merge with Polestar this month and list as a public company on the...

An electric vehicle company premiered its first ever SUV on Tuesday morning. Here are the details. What Happened: Swedish electric vehicle company Polestar announced that the premiere of the Polestar 3 SUV will happen in October 2022. The Polestar 3 is the company’s first SUV and comes as the...

The Los Angeles Rams won Super Bowl LVI. Another entity won big without spending any money. What Happened: Electric vehicle giant Tesla Inc (NASDAQ: TSLA) reported first-quarter financial results after market close Wednesday. One item hidden in the company’s earnings slides without written...

Super Bowl LVI aired Sunday on NBC, a unit of Comcast Corp (NASDAQ: CMCSA). The Los Angeles Rams were the winners of the game and ended the NFL season as champions. Other winners for Super Bowl LVI could be the companies that shelled out an average of $6.5 million per 30-second ad to get their...

Super Bowl LVI airs Sunday, Feb. 13 on NBC, a unit of Comcast Corp (NASDAQ: CMCSA). Millions will tune in to watch the Los Angeles Rams take on the Cincinnati Bengals in the National Football League’s championship game. Many will also tune in to watch the commercials from public and private...

A leading electric vehicle company set to go public via SPAC merger has shared figures from its newest launched country. What Happened: Polestar unveiled the Polestar 2 on Jan. 18 to the South Korean market at the Seoul Wave Art Center. Online reservations were immediately launched to residents in...

Despite being the largest electric vehicle company by units in the Unites States, Tesla Inc (NASDAQ: TSLA) still faces several disadvantages to traditional automakers. The prohibition against direct sales is among the stumbling blocks the company faces, and it's a challenge Tesla is now...

A leading electric vehicle company shared an update Monday morning. Here are the details investors should know. What Happened: A SPAC merger between Gores Guggenheim Inc (NASDAQ: GGPI) and electric vehicle company Polestar could be getting closer with the company announcing its F-4 statement...

Electric vehicle maker Polestar could reach a deal to go public with special purpose acquisition company Gores Guggenheim Inc (NASDAQ: GGPI) on Monday, Wall Street Journal reported, citing people familiar with the matter. What Happened: The deal is expected value the Zhejiang Geely...

Electric vehicle company Polestar could be nearing a SPAC deal to go public, according to a report from Bloomberg. The company competes with Tesla Inc (NASDAQ: TSLA) and Lucid Motors, which is going public via Churchill Capital Corp IV (NYSE: CCIV). What Happened: Polestar, an electric vehicle...

Polestar, the premium Swedish electric car company owned by Volvo Cars Group and China’s Zhejiang Geely Holding Group Co (OTC: GELYF) said on Thursday it has raised $550 million from a group of long-term financial investors and is in talks with global investors to raise more funds. What...