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Gores Guggenheim Inc (GGPI)

NASDAQ
Currency in USD
Disclaimer
11.230
0.000(0.00%)
Closed

GGPI Comments

Shares of Gores Guggenheim (NASDAQ:GGPI), a special-purpose acquisition company (SPAC) that is planning to merge with electric-car company Polestar, jumped as much as 28.1% in trading on Monday after filing a Form F-4 with the Securities and Exchange Commission (SEC). Shares closed the day up 15.4%. So whatPolestar says it has 35 permanent locations with plans to expand to over 150 locations by the end of 2023. The company expects to be operating in 30 markets by the end of 2023 with sales ramping up to 290,000 vehicles by the end of 2025. A person charging an electric vehicle outdoors. IMAGE SOURCE: GETTY IMAGES.It doesn't hurt that Rivian, an EV start-up, surged another 15% in trading after its initial public offering (IPO) last week. Investors are rushing into electric-vehicle stocks right now. Given Polestar's potentially rapid ramp up to becoming a major EV supplier, this could be a great way to play the industryhttps://www.fool.com/investing/2021/11/15/why-gores-guggenh
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