QOTD: Does The Market Not Trust EVs?


One of my VerticalScope colleagues pointed out to me that Polestar’s stock has taken a dive. This is a bit odd if you believe that Polestar is one of the EV companies that is having some success as EVs move more and more into the mainstream, as some believe.

So the question is, why would Polestar’s stock slide? Of course, there are many factors — it’s not necessarily because the company sells EVs.

But I have to wonder — does the market not trust EVs? Or maybe the market just doesn’t trust smaller car companies? Or something else?

What say you, B and B?

[Image: Polestar]

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