Can you buy Polestar stock as a retail investor?

3 min read | February 14, 2022 06:43 PM AEDT | By Raza Naqvi

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Can you buy Polestar stock as a retail investor? — Image source: © Alexmit | Megapixl.com

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Highlights:

Polestar made its Super Bowl debut by airing a commercial for its electric car called Polestar 2.

Established in 2017, Polestar was started as a premium Swedish EV manufacturer. Geely Holding and Volvo Cars founded the company.

Polestar's vehicles are available in the European, Asia-Pacific, China, and North American markets.

Swedish automotive brand Polestar has grabbed eyeballs across the North American markets after its first commercial aired during the Super Bowl, one of the biggest sporting events in the world.

Polestar made its Super Bowl debut by airing a commercial for its electric car called Polestar 2. The advertisement went viral as it appeared to take shots at Tesla, Volkswagen.

In a 30-second advertisement titled 'No Compromises', the Swedish automotive brand allegedly took a jab at Tesla CEO Elon Musk through a quote 'No conquering Mars'.

Additionally, a quote saying 'No dieselgate' indicated that the electric vehicle maker targeted Volkswagen. The ad featured other lines like 'No epic voiceovers' and 'No empty promises.'

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Mr Musk is passionate about taking people to Mars and runs a different company for this purpose. Meanwhile, Volkswagen made headlines in 2015 after the U.S. Environmental Protection Agency served a notice to the company over violation of the Clean Air Act.

Significant details about Polestar

Established in 2017, Polestar was started as a premium Swedish EV manufacturer. The company was founded by Geely Holding and Volvo Cars, one of the most popular car brands worldwide.

Polestar's vehicles are available in the European, Asia-Pacific, China, and North American markets. The Swedish EV manufacturer aims to be present in 30 global markets by 2023.

Last year, the company announced that it was looking to go public in the US equities market. Polestar said it would merge with a special purpose acquisition company called Gores Guggenheim, Inc. (NASDAQ:GGPI).

Bottom line

If you are interested in buying the Polestar stock, then you won't be able to do so. Polestar remains private, and its business combination with Gores Guggenheim is incomplete.

The transaction between both the companies is expected to close in the first half of this year. You can explore the GGPI stock as an alternative to Polestar stock.

Since the past week, GGPI stock soared 8.3 per cent and at market close on Friday, February 11, it closed at US$ 11.25 per share.

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