Polestar Automotive Holding UK PLC

Polestar Automotive Holding UK Plc engages in the manufacturing, distribution, and sale of luxury electric vehicles. The company was founded on September 15, 2021 and is headquartered in Gothenburg, Sweden.

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2022

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Polestar achieves record Q3 deliveries, eyes profitability amid funding challenges

Polestar's Q3 performance reflects strong growth and a focus on cost reduction to achieve breakeven in 2025. The company's strengths lie in its product lineup, operational readiness for scale-up, and the potential of upcoming models to cater to a wider market. However, challenges related to funding requirements and potential policy impacts need to be addressed, while opportunities in new model demand and market expansion are on the horizon.

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Polestar Automotive Holding UK Plc engages in the manufacture, distribution, and sale of luxury electric vehicles. Its products include Polestar 1, a performance hybrid sedan, Polestar 2, an electric sedan, and Polestar 3, an electric SUV type vehicle. The company was founded on September 15, 2021 and is headquartered in Gothenburg, Sweden.

GOTHENBURG, Sweden , Nov. 11, 2022 /PRNewswire/ -- Polestar Automotive Holding UK PLC ("Polestar" or the "Company," Nasdaq: PSNY), the Swedish electric performance car brand, today reports its results for the nine months ended September 30, 2022.  Investor Update, Management's Discussion and Analysis of Financial Conditions and Results of Operations and Unaudited Condensed Consolidated Financial Statements are available on the Polestar investor relations website and will be filed with the SEC.

Polestar reports results for the nine months ended September 30, 2022

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GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), the Swedish electric performance car brand, announces that it has received further commitments for financial and liquidity support from its two major shareholders.

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Tesla Inc (NASDAQ:TSLA) rival Polestar has unveiled a new electric SUV to expand its sales and presence in the US, CNBC has reported. The new model, called the Polestar 3, is a five-passenger EV that the company describes as a “performance SUV.

Tesla rival Polestar unveils a new $84,000 electric SUV in the US

The Polestar 3 has up to 517 horsepower, a 300-mile range and lidar tech from Luminar.

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EV maker Polestar has unveiled the Polestar 3, its first SUV designed to help propel the startup to bona fide mass market automaker.

Polestar steers towards the mass market with its first electric SUV

The new Polestar 3 is a five-passenger electric performance SUV that will be built in both the U.S. and China. Deliveries start next fall.

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Source: Jeppe Gustafsson / Shutterstock.com Today, Polestar (NASDAQ: PSNY ) will debut its first SUV — the Polestar 3 — at a launch event in Copenhagen, Denmark. PSNY stock investors will be able to tune in to a live stream of the event at 1:00 PM Eastern.

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Polestar (NASDAQ: PSNY ) stock is climbing in early trading after the electric vehicle (EV) maker reaffirmed its 2022 delivery guidance. Specifically, it continues to expect to deliver 50,000 EVs in 2022.

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After a first half that was disrupted by Covid-related shutdowns, Polestar says it has "caught up" and will deliver 50,000 vehicles in 2022 as promised.

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Swedish electric vehicle maker Polestar Automotive Holding UK PLC said Friday it delivered about 9,215 vehicles in the third quarter, bumping its year-to-date deliveries to about 30,400. The company said it now expects to meet its full-year target of 50,000 deliveries.

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GOTHENBURG, Sweden , Oct. 7, 2022 /PRNewswire/ -- Polestar Automotive Holding UK PLC ("Polestar" or the "Company," Nasdaq: PSNY), the Swedish electric performance car brand, delivered approximately 9,215 vehicles in the third quarter of 2022, bringing the total year-to-date to approximately 30,400 cars for the first nine months of 2022, up 100% year-on-year. A recent ramp up in production following Covid-19 disruptions in China earlier in the year has resulted in significantly higher production rates and the company expects to meet its 50,000 global volume target for 2022 by delivering the remaining vehicles in the fourth quarter.

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Source: Robert Way / Shutterstock.com Fans of Polestar Automotive (NASDAQ: PSNY ) stock will want to keep an eye on the company as a potential catalyst is coming on Oct. 12. This coming up Wednesday, Polestar will reveal the Polestar 3.

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Polestar Automotive Holding UK PLC's cars continue to gain traction among consumers. The company managed to diversify sales away from Europe, closer to the regions where its cars are produced. Polestar has a solid production track record compared with other EV start-ups. I believe that the guidance revision is driven by COVID and not long-term manufacturing issues.

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GOTHENBURG, Sweden , Sept. 28, 2022 /PRNewswire/ -- Polestar (Nasdaq: PSNY) will premiere its first SUV, Polestar 3, at a launch event on 12 October 2022 in Copenhagen, Denmark.

News for Polestar Automotive Holding UK PLC Stock (PSNY)