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Polestar stock price dipped under $3 this week

Model: NS-40F401NA26
SKU: 6614066
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Comp. Value: $136.000
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Polestar stock price dipped under $3 this week, showing resistance levels at $3.20; technical charts suggest a possible breakout if Q2 earnings beat consensus forecasts. Polestar expects a more robust back half of the year, with the fourth quarter being particularly strong. It will continue looking for ways to reduce costs, and next year it hopes to deliver 155,000 vehicles and break even on cash flow. Polestar has three models in its line-up: Polestar 2, Polestar 3, and Polestar 4. Planned models include the Polestar 5 four-door GT (to be introduced in 2025), the Polestar 6 roadster and the Polestar 7 compact SUV. With its vehicles currently manufactured on two continents, North America and Asia , Polestar plans to diversify its manufacturing footprint further, with production of Polestar 7 planned in Europe . Polestar stock price has hovered near oversold territory per Bollinger Bands, offering swing traders potential setups if macro sentiment in the EV sector improves.