Bullish option flow in GGPI stock has been detected in unusual amounts over the last couple of weeks.
GGPI Option Flow
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Polestar Brings Avant-Garde Design to New York City with the Opening of Permanent Retail Space
On October 4, 2021, Polestar, the global electric performance car brand, announced it had opened a new retail location in New York City. This announcement follows the recent news that Polestar plans to be publicly listed through a business combination with Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW and GGPIU).
Now officially open to the public, it represents one of 20 Polestar Spaces in a rapidly growing nationwide network. Polestar Manhattan is located in vibrant Lincoln Square and offers customers a captivating retail experience where they can learn about the brand and vehicle lineup.
“New York City is an iconic city with deep roots in design, sustainability and engineering, and opening a Polestar Space in this location will allow us to showcase the superior driving experience and high-tech minimalism that defines and differentiates Polestar,” says Thomas Ingenlath, Chief Executive Officer of Polestar. “As we continue to redefine luxury for the sustainable age, Polestar Manhattan will serve as the brand’s retail home in New York City. Polestar plans to launch and showcase three new models by 2024, and I cannot wait to see them in this location.”
Gregor Hembrough, Head of Polestar in North America, adds: “It was critical that we establish a foothold in one of the most significant and important markets in the U.S., New York. In partnership with Manhattan Motor Cars, this new showroom will allow us to reach customers throughout the New York metro area.”
The Polestar Space is staffed by Polestar Specialists who are well trained to answer questions, assist with the digital ordering process, and coordinate test drives of the brand’s all-electric Polestar 2 model range, which includes two different configurations. Customers can also schedule test drives via Polestar.com/test-drive.
“By partnering with Polestar, we are able to offer customers a new way to learn about and purchase an electric vehicle,” says John Kaufman, General Manager of Polestar Manhattan and Manhattan Motor Cars. “We are seeing more interest in the EV space, and this new retail location gives consumers a place to learn more about Polestar and about EV ownership.”
Expected to grow to a total of 35 locations nationwide by the end of 2022, the U.S. Polestar retail network is already operating in 20 locations, including in Los Angeles, the San Francisco Bay Area, Boston, Central and Southern New Jersey, Dallas, Detroit, Minneapolis, Phoenix, Seattle, Orange County, Calif., and Denver, Colorado. Additional Spaces are planned to open throughout 2021 in Atlanta, Connecticut, South Florida, and Washington D.C.
Polestar now also offers a mobile service program in which a Polestar technician will travel to the owner’s location for minor repairs or software updates. Mobile service may be requested by contacting Polestar’s 24/7 Customer Support via phone or at polestar.com/contact.
Polestar was established as a new, standalone Swedish premium electric vehicle manufacturer in 2017. Founded by Volvo Cars and Geely Holding, Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result.
The company is headquartered in Gothenburg, Sweden, and its vehicles are currently available and on the road in 14 global markets across Europe, North America and China. In 2021, Polestar is expanding into eight additional new markets in Europe, the middle East and Asia Pacific. Polestar cars are currently manufactured in two facilities in China, with additional future manufacturing planned in the USA.
In September 2021, Polestar announced its intention to list as a public company on the Nasdaq in a business combination agreement with Gores Guggenheim, Inc.
In the US, the local Polestar office is located in the New York metro area, in Mahwah, New Jersey. Polestar Spaces have been opened in Los Angeles, the San Francisco Bay Area, and Orange County, Calif.; New York City; Denver, Colorado; Boston; Central and Southern New Jersey; Dallas; Detroit; Minneapolis; Phoenix; and Seattle, with more to follow in Atlanta, Connecticut, South Florida and Washington D.C.
Polestar produces two electric performance cars. The Polestar 1 is a low-volume electric performance hybrid GT with a carbon fibre body, 609 hp, 1,000 Nm / 738 lb-ft and an electric-only range of 124 km (WLTP) – the longest of any hybrid car in the world. With production coming to an end late in 2021, Polestar 1 has established itself as a truly exclusive driver’s car.
The Polestar 2 electric performance fastback is the company’s first fully electric, high volume car. The Polestar 2 model range includes two variants with a 78 kWh battery, and dual- and single-motor powertrains with as much as 300 kW / 408 hp and 660 Nm / 487 lb-ft.
In the future, the Polestar 3 electric performance SUV is expected to join the portfolio, as well as the Precept – a design study vehicle released in 2020 that is under development for future production. Precept showcases the brand’s future vision in terms of sustainability, digital technology and design. In April 2021, Polestar announced the important goal of creating a truly climate-neutral car by 2030.
VIDEO Polestar 100% electric
Polestar writes, “Can we continue our species and preserve our only home while still enjoying that thrill of being human? We believe we can. Every day we aim to deliver that experience with as minimal of an impact as we can.”
VIDEO Only 36 Hours left… Polestar GGPI Stock
Felix and Friends compare NIO, LCID, and RIVN, to Polestar as he makes the argument that Polestar is the best-valued EV stock on the market as of November 14, 2021.
GGPI Stock Technical Analysis
The long and short term trends are both positive. This is looking good! The large players volume looks awesome. Although GGPI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation. Click here to sign up for email alerts on when GGPI stock is a good entry.