What's Going On With Polestar Automotive Stock?
Portfolio Pulse from Erica Kollmann
Polestar Automotive (NASDAQ:PSNY) shares are pulling back after a recent surge. The company has started producing its Polestar 3 electric SUVs in the U.S. to avoid tariffs on China-made EVs. Analysts have a positive outlook with a 12-month price target of $3, suggesting potential upside.
August 19, 2024 | 4:48 pm
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Polestar Automotive shares are experiencing a pullback after a significant gain. The company has started U.S. production of its Polestar 3 SUVs to avoid tariffs on China-made EVs. Analysts have a positive outlook with a $3 price target, indicating potential upside.
The initiation of U.S. production for Polestar 3 is a strategic move to avoid tariffs, which could enhance profitability and market competitiveness. Despite a recent pullback, the stock has a positive analyst outlook with a $3 price target, suggesting potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100