Volvo Cars courts investors to raise cash for Polestar:
UPDATE 1-Volvo Cars courts investors to raise cash for Polestar | Reuters
Favourite part: "Car industry experts say the Polestar 2 has the potential to take on Tesla’s Model 3 if it can deliver on an expected range of about 300 miles and touted price tag of about 40,000 euros upwards.
“This car will be really relevant to the electric vehicle market from day 1 because that is a radically low price for what Polestar are suggesting it is going to include,” auto analyst Anton Wahlman said. “At that price, it undercuts the Tesla Model 3 pretty significantly on an apples to apples basis.”
Ok, perhaps they should talk to an *actual* car industry expert rather than Anton .. lol!
Also this quote:
“Right now we have the financing we need for the time being (for Polestar)... We need funding to drive the very expensive development so let’s see how fast that can happen"
Fire up the burning cash GIFs for Polestar! Who wants to start the $POLEQ twitter brigade? Or is it $VOLVQ? Gotta bring your own toothbrush though.