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The Reason Behind for the Drastic Selldown

$Polestar Automotive (PSNY.US)$The new proposal by Biden Admin would have grave impact to not only Polestar EVs, but also Ford, GM and Volvo's cars imported from China. So this proposal would unlikely be passed since it is not in favour of the majority of the US auto makers. Polestar says Biden proposal would 'effectively prohibit' sale of its cars in US | Reuters
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  • Tonyco : interesting, they sell off based on a proposal...

    Foolish, because as you said, it is unlikely to be adopted. Also even if it was, it would never survive in legal challenges

  • Macdonell J OP Tonyco : Case in point, Polestar North America has just delivered its Polestar 3 SUV to its US and Canadian customers, as if nothing has happened and US customers are happily putting their orders down.

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