GGPI is bringing Polestar public, which is a swedish electrical automobile firm that has ACTUAL REVENUE from automobile gross sales worldwide! They’ve delivered nicely over 20,000 autos up to now, and they’re projected to have a income of $1.6B this yr.
Right here you’ll be able to see some gross sales information from Europe, not included are the gross sales in China and North America:
The desk reveals the numbers in million SEK, Polestar did $636 million USD in income in 2020 which is slated to develop by 151% in 2021 to $1.6B:
That’s BEFORE the discharge of the Polestar 3, their new SUV which shall be “made within the USA” in Ridgeville, NC, in addition to their 4th mannequin which is the Polestar Principle. It’s a full-size electrical sedan akin to an S-Class or the Lucid Air in dimension:
Guggenheim Companions is a large funding financial institution with over $250B AUM. They’re well-known inside the trade with an incredible fame. Ever heard of the Guggenheim Museum for contemporary artwork in New York? They belong to the large boys membership.
I’m fairly certain you guys know that LCID is buying and selling at $44B and Rivian is seeking to IPO at $80B this yr. Collectively they’ve delivered 0 autos to their prospects, Polestar goes public at $20B at $10 per share. You are able to do your individual math however I’m fairly assured a 50% upside or $30B marketcap are real looking for this firm.
I used to be an investor in CCIV/LCID and now I’m in GGPI/Polestar. Each corporations provide exceptionally nice returns IMO however GGPI at $10.30 and 20B market-cap appears to be rather a lot cheaper in the meanwhile. I’m not saying Polestar is best than Lucid, simply that it may be a greater funding on the present value. Lucid’s tech is excellent however Polestar additionally has rather a lot going for them!
12,150 shares and 100 calls of various strikes and expiries.