What a day, what a week!
Welcome back to the channel, I have
another Polestar update for you guys today.
more good news and more things to love
about this stock but more importantly
this is the first video where I get to
talk about $psny stock instead of $ggpi
stock and it feels great. So I will
discuss the merger and what has happened
in this video as well as looking at an
interview today with with Polestar ($PSNY)
ceo thomas Ingenlath and later in the video
i make you aware of some important
opportunities as well as giving you a
chance to tell me what you want to see
me look at in the next Polestar video.
i have a few ideas that I really want
your feedback on so stick around for
that later in the video
again this video has taken a lot of time
and effort to prepare today it's friday
so again i'm doing this after a full day
at work and this has taken my entire
evening to prepare this video for you
so if you appreciate the effort show
your support ($PSNY)
everything that i've been saying about
Polestar the past two weeks leading up
to merger has been spot on and look at
the share price
this is the highest
that Polestar ($PSNY) stock has been in over
six months.
so many people said that this will crash
as soon as the 10 nav was gone but i've
been here trying to explain why that
won't happen for months now so show your
support and help me to get at least 500
likes on this video and remember to
subscribe to the channel if you're new.
first things first it has been a great
week for polestar a successful merger
happy shareholders and a gain of over 50
percent in a week for those who were
brave and showed belief in the due
diligence that they have done over the
past several months
and I will talk more about this gain in
just a few moments but first of all
now that the markets are closed for the
week it's time for Polestar to really
shine ($PSNY)
and that is with the polestar 5 making
its debut this weekend at the goodwood
festival of speed #psny
so in the past few days we have been
getting some more details about this and
it looks fantastic
holster will debut its powerful new ev
this weekend at the 2022 goodwill
festival
with the five featuring a 650 kilowatt
and 800 volt architecture with a
whopping #polestar
870 brake horsepower
now we can clearly see that the posed
air 5 has evolved out of the Polestar
precept concept card that the company
showed off in 2021
and this is the third of three new evs
polter expects to launch over the next
three years
this is of course preceded by the
already released Polestar ii and the
forthcoming pulse their three impulse
their four electric suvs
but the signature vehicle dynamics of
the pulsed f5 have necessitated a new
powertrain developed by polster's uk
team development of the new powertrain
is ongoing in sweden but the polestar 5
will boost a new rear electric motor
providing superior output at 800 volts
and pulls their hope that this luxury
performance gt should help the company
in its rivalry with other luxury
powerhouses such as porsche and audi
with pole star ceo thomas ingelat
saying that the pulsed r5 is a company
defining project
its progressive design and advanced
engineering set the tone for Polestar's
future the pulsed five will complete two
runs up the goodwood hill
each day during the event as part of the
first glance group of cares but
alongside the pulse r5 Polestar is also
displaying a new high performance
limited edition pulsed air 2
bst edition 270 and the Polestar precept
and the company's electric roster
concept ($PSNY)
so all in all this is going to be a huge
weekend of publicity for polstar
with the goodwood festival expected to
amass millions of viewers over this
weekend that is millions of viewers who
will be seeing post-air for the very
first time
interest is going to be even higher in
this stock next week
so yesterday it was announced that the
merger had been given the go-ahead by
shareholders now we had known this
earlier in the week that at least 75
percent
were in favor of the merger so we knew
that it was going to happen
but as it says here holders off 61.9
million shares of common stock were
present in person or by proxy
representing 61.97 percent of the voting
power of the shares of ggpi common stock
as of may 18 2022
and we can see the figures here of how
the vote went for each of the different
proposals set out in the meeting now i
have compiled this into a simple
spreadsheet for easy reading
as we can see here 60.1 million votes
were in favor of the merger with less
than two percent either abstaining or
being against this merger
considering that
38 percent of ggpi shareholders did not
vote at all and I wouldn't read too much
into this at all for example in my last
video I recorded my voting for you guys
due to the fact that I only got the link
from my broker a few hours before the
deadline
so the real figures read as follows 97
of those who voted voted in favor of
this merger 97
now that is an incredible turnout for
any spec merger that we have seen to
date
now guys before we look at the interview
today with ceo thomas ingelat
i want to point out why it is so
important
to follow me on twitter if you are not
already doing so
yesterday evening I noticed a stock
gathering a bit of attention
and gaining a few percent on the day
as most of you know I have a full-time
job I don't have time to make videos
during the week (Polestar)
but once I got a chance to take a look
closer at this I seen
that there was a huge possibility for a
quick profit to be made and after liking
what i've seen I tweeted about it
as it says here
a very nice looking setup here at tough
build
could this go on a red box type of run
26 up today and I would not be surprised
to see a 100 gain here in days and even
more in the very near future
and then today what did we have
this stock was up 95 this morning so i
had to ask the question if anyone jumped
in on the stock yesterday evening that
is a 100 gain in less than 24 hours
if you've seen this yesterday and you
jumped in on this
drop a comment and let me know
but look at this
this tweet was put in front of just over
2 300 people of which 30 people read
this tweet
and only four liked it
that is 99.8 percent of people missed
out on this play
which is crazy
but this is a regular thing I don't wait
all day long in fact I only tweet a few
times a week if I have something
important to say or a new video released
that's about it
but look here I tweeted about redbox
back in april when nobody was talking
about this stock either
and then not once but twice this made
huge gains
hitting over 15 earlier this month
again so many people missed out on this
so stop missing out
that's nearly a 400 gain from the time i
posted this
so stop missing out this cost you
nothing it's completely free hit the
like button subscribe to the youtube
channel and follow me on twitter let's
make those games together in the coming
months
now let's take a look at the interview
with Polestar ceo thomas engela
welcome to the show congratulations on
this milestone let me let me ask you
thomas as you think about being public
now
for the first time
it's been it's been now quite a while
about a year since this whole
transaction got to this got to this
place but we've also seen the challenges
that other electric vehicle car makers
are having in the public market
are you are you happy that you're in the
public market if you could do this all
over again do you think you'd be better
off in the private market
yeah hi good morning um
well no definitely happy to be there now
very proud moment to
start now first day as a list company
trading i
understand market conditions are not
easy having said that we saw definitely
that especially in this circumstances
what makes post upholstery and what
makes our business attractive to
investors actually stood out
more
more clear in this
circumstances
you mentioned yourself we are business
up and running we have 55 000 cars on
the road we're producing
steadily this is definitely a very
different type of tv startup
when you think about um the future of
this company and what it's going to take
to scale uh at the level that you want
what's your sense of having to go back
to the capital markets in the future to
raise additional capital that's clearly
been something that's weighed on the
stocks of origin that's weighed on the
stocks of a lucid uh for example and
you've had people like elon musk say
that those two companies may be trending
if things don't change towards
bankruptcy
well
we
we talk about our model being an asset
like small world that
what we want to achieve until 2025
290 000
deliveries in 2025 three
models
to be rolled out over the next three
years
all of that is
part of our business plan which is
indeed in built into an asset light
model we use manufacturing footprint
that exists in the group we use
workshops that exist in a group and for
that reason
our past to achieve that is on a
different scale in terms of what funding
is needed for for that reason
um I think
this this is a very attractive way of
doing it
and the capital and the funding that is
needed we will along the way um
have different steps coming but this 890
million dollars have come in now of
course it's a major step to bring us a
long long way down in this business plan
hey thomas phil's got a question for you
phil
thomas how are you this morning uh my
question for you is right now you're
manufacturing in china but you do have
plans to also build in the united states
give us some sense of
when we will see that likely at least be
identified in terms of hey here's a
location here's where we're going to
start uh manufacturing vehicles when you
actually expect manufacturing to start
here in the united states but paint a
picture if you would for us in terms of
that part of the business plan
yeah that's very clear and defined we
will introduce our next model to Polestar
3 in the us in charleston in an existing
factory within the group volvo is
operating this factory and we will have
this production up and running in the
beginning of 24 and this is a big part
of our strategy to actually develop a
manufacturing footprint that goes very
much in line with where our customers
are forty percent euro thirty percent
u.s certificates and china and we will
have a manufacturing footprint bit by
bit that is following exactly that type
of proportion so guys what did you think
of that before we wrap up this video
tell me would you be interested in
seeing a video where I compare pulsed
air to its main rivals
such as neo or lucid
check out this video that I did just the
other day where I briefly compared these
companies and I gave my price prediction
for Polestar
if you have not seen that video then
check it out
and if you would like to see
a far more detailed comparison
or would like to see me do an analysis
between Polestar and maybe mullen
automotive or rivien or fisker then drop
a comment a lot of people like to talk
about
these new eevee startups as being a
tesla killer or being the next tesla
would you like to see me compare Polestar
with where tesla was just a number of
years ago
and try to show what I believe to be
Polestars path to future success
if this is something you would like to
see then drop a comment below and smash
that like button
and of course as I said already if
you're new hit the subscribe button and
bell notification follow me on twitter
and i'll catch you in the next one