Are Polestar BANKRUPT?

Polestar konkurs? Polestar bankruptcy? The Swedish major bank SEB writes down Polestar’s value to NOK 0. T hus, Polestar is under enormous pressure and risks going bankrupt in the worst case, according to an analyst. The Swedish major bank Skandinaviska Enskilda Banken (SEB) has written down Polestar’s value to NOK 0. It happens after the bank, which is among the three largest in Sweden, has reviewed the latest quarterly accounts from Volvo Cars, which owns 49 percent of Polestar. “Polestar has become a hole in the ground, and we didn’t see that a few years ago,“ says Stefan Cederberg, equity strategist at SEB, according to Dagens Industri. SEB, together with Goldman Sachs, were the most important advisers when Volvo Cars was listed back in 2021. Now the bank believes that the stake in Polestar is worth nothing to Volvo Cars. The value has been written down from SEK 18 billion to SEK 0. Polestar risks bankruptcy “It had to come to light that the electric car manufacturers are struggling with earnings in a buyer’s market with many new players who find it difficult to sell enough electric cars,“ says Nicolas Fredriksen, an analyst for , and adds: “That Polestar should be suffering so much that you might not come. However, there is no doubt that the electric car manufacturer is now under enormous pressure. If the company does not manage to justify new real values and/or succeed in raising new capital, there is a danger that Polestar will go bankrupt,“ Nicolas Fredriksen, Analyst for . Nicolas Fredriksen encourages Danish owners of electric cars from Polestar to read their purchase contracts. “Hopefully, the purchase is made via a Danish dealer, who then bears the responsibility for ensuring that the contract - that is, service, updates and guarantees - can be enforced, regardless of whether Polestar as a company goes bankrupt,“ he explains. See also: Tests and reviews of the comfort and safety of electric cars Private leasing of an electric car is better than buying With Tesla’s many price reductions in the past 12 months (most recently on the Model Y earlier this week), rumors of suspension of payments at Aiways and now most recently SEB bank’s write-down of the assets in Polestar to DKK 0, it may be a good idea to choose private leasing rather than buying electric car. By privately leasing an electric car, you avoid burning the teddies on unforeseen events, ground-breaking technological advances, loss of resale value, bankruptcies, etc. Private leasing of an electric car is typically somewhat more expensive than purchase, especially if you need to drive more than 20,000 kilometers per year. On the other hand, private leasing can quickly prove to be the cheapest solution. T he gain from avoiding the many risks associated with the purchase of an electric car can prove to be priceless.