Polestar is facing significant challenges, including a 100% tariff on its sole model, the Polestar 2, and recent leadership changes as it struggles for survival.
The brand not only requires a hit but truly needs a home run. The Polestar 3, while solid, doesn't seem to be enough to emerge into mainstream relevance.
As Polestar launches the Polestar 3, it's crucial to recognize that while its specs are impressive, it competes in an increasingly crowded EV market, thus raising questions about its positioning.
Polestar's crisis is emphasized by the significant market disparity, with its stock valuation only a third of VinFast's and Volvo distancing itself from its investment.
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