Polestar’s Week: A Bit of a Rollercoaster

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Right. Polestar (PSNY +1.28%). It’s been… a week. Honestly, it feels like watching a particularly anxious puppy trying to navigate an obstacle course. Down 29.2% by Friday’s close. Twenty-nine point two percent! One starts to question all one’s life choices, doesn’t one? Like, maybe I should have invested in sensible bonds. Or just, you know, a really good mattress.

I’ve been following this company for a while now, and I’m starting to suspect the stock market operates on a logic entirely divorced from reality. It’s like trying to predict the weather using only tea leaves and a vague sense of impending doom.

The really odd thing? No obvious news. Which, in the current climate, is practically unheard of. Usually, there’s something. A tweet. A slightly disapproving glance from an analyst. A rogue pigeon landing on a factory roof. But nothing. Just… a drop. Although, there was a rather bizarre flurry of activity on Friday. Someone bought a lot of stock in the last hour. Like, a truly alarming amount. It briefly pushed the price up from $18.71 to $23.38. A 20% jump in an hour. Which, let’s be honest, sounds less like shrewd investing and more like someone having a very expensive panic attack.

Units of Polestar stock purchased in last hour: Unclear. Hours spent staring at the trading screen trying to decipher the motive: 3. Number of increasingly frantic Google searches for “market manipulation”: 17. It’s all very unsettling.

That little boost didn’t last, naturally. Monday it hung on, sort of, but by Tuesday it was tumbling again, bouncing around in the teens like a hyperactive pinball. It’s a bit like watching a soufflé collapse. All that potential, just… deflating.

Looking at the six-month chart, you can see a similar pattern after the third-quarter results in November, and again with the reverse stock split in December. But this recent drop? A complete mystery. Which, in a way, is even more worrying. At least with bad news, you can understand the decline. This feels… random. Like the market is just having a bit of a capricious mood.

I’ve made a list of things I’m trying to tell myself to stay calm: 1. It’s just money. 2. I have other investments. 3. I still have that lovely mattress. 4. Maybe I should just take up knitting.

The takeaway? Polestar’s price isn’t really reflecting anything fundamental at the moment. It’s all a bit… floaty. So, if you’re holding shares, you might want to brace yourself. And maybe avoid looking at the stock price for a few days. Or weeks. Or until the full-year 2025 results are out. Honestly, a long walk in the countryside sounds like a much better investment right now.

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2026-03-07 19:42