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 Q2 2022

Earnings data Q3 2022

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Polestar Automotive achieves record Q2 performance and eyes global expansion

Polestar Automotive reported strong Q2 performance with delivery and revenue growth.
The company is focusing on product enhancements, strategic partnerships, and global expansion.
Challenges include inventory impairment, cash flow management, and production ramp-up.
Opportunities lie in collaborations, market expansion, and leveraging autonomous driving technology.

Polestar achieves record deliveries, targets profitability amid funding challenges

Polestar's strong performance in car deliveries and model reception underscores its growth potential. While challenges in funding and cash flow persist, the company's strategic initiatives and product lineup position it well for success in key markets.

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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--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) has received notice from the Nasdaq Stock Market LLC that the Company is not currently in compliance with the $1.00 minimum bid price requirement, as set forth in Nasdaq Listing Rule 5450(a)(1). The Notice indicated that, consistent with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 days, or until 2 January 2025, to regain compliance, by having the closing bid price of the Company's ADSs meet or exceed $1.00 per ADS for at le.

Announcement of receipt of notice from Nasdaq regarding minimum bid price requirement

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Polestar Automotive Holding UK PLC (NASDAQ:PSNY ) Q1 2024 Earnings Conference Call July 2, 2024 8:00 AM ET Company Participants Thomas Ingenlath - CEO Per Ansgar - CFO Bojana Flint - Head of IR Conference Call Participants Tobias Beith - Redburn Atlantic Andres Sheppard - Cantor Fitzgerald Daniel Roeska - Bernstein Dan Levy - Barclays Operator Good day and thank you for standing by. Welcome to the Polestar Q1 2024 Results Conference Call.

Polestar Automotive Holding UK PLC (PSNY) Q1 2024 Earnings Call Transcript

The shares of Sweden-based EV maker Polestar (NASDAQ: PSNY ) stock are retreating about 9% today even though the electric vehicle company reported that its deliveries had surged in the second quarter. The automaker also confirmed that it had reduced its workforce by 15% this year, in-line with its previous commitment.

Polestar (PSNY) Stock Slumps Despite Cost Cutting, Delivery Growth

The company delivered about 13,000 cars in the second quarter, bringing the total for the year so far to about 20,000 vehicles.

Polestar Stock Slumps Despite Deliveries Jumping 80%. This Is Why.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY), reports its preliminary unaudited financial and operational results for the three months ended March 31, 2024 and reports its global deliveries for the second quarter of 2024. Polestar delivered approximately 13,000 cars in the second quarter, a growth of 80% compared to the previous quarter. This takes global deliveries for the first six months of the year to 20,200 with USA, Sweden, Norway and Germany delivering a strong momentum.

Polestar Publishes Results for the First Quarter and Reports 80% Growth in Global Deliveries for the Second Quarter

Polestar's (PSNY) revenues in 2023 decline 3%, mainly due to increased discounts and lesser carbon credit sales.

Polestar (PSNY) Reports FY23 Results, Revenues Down 3% Y/Y

Swedish EV-maker Polestar said on Friday, after months of delays in turning in its financial reports, that its 2023 revenue fell about 3% and its losses widened as it grappled with slowing demand for its higher-priced models.

Polestar reports decline in 2023 revenue as EV maker grapples with slowing demand

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) reports its preliminary unaudited financial and operational results for 2023 and sets the date for Q1 2024 preliminary unaudited results as well as Q2 2024 global volumes on 2 July 2024. Polestar's 2023 gross profit margin was in-line with earlier guidance, prior to recognizing non-cash impairment charges of around USD 450 million, relating to Polestar 2 assets and inventory impairment. Per Ansgar, Polestar CFO, comments: “With the 20.

Polestar publishes full year 2023 results; sets the date for Q1 results and Q2 global volumes

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (NASDAQ: PSNY) has made its first customer deliveries of Polestar 3. The SUV for the electric age plays an important role in the Company's development, as Polestar now has three models on the roads, including two SUVs. The initial vehicles are being handed over to customers across two continents in the coming days, with deliveries set to accelerate throughout the summer. With significant acclaim from global automotive media, customer interest for Po.

Polestar Delivers First Customer Polestar 3 Electric SUVs

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GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that Håkan Samuelsson intends to retire as Board Chair. The Board of Directors has appointed Winfried Vahland Board Chair, effective following the Company's Annual General Meeting of Shareholders. Carla De Geyseleer, Audit Committee Chair, has chosen not to stand for re-election as Director, in order to focus on her executive role. Håkan Samuelsson has been a part of Polestar's journey since the brand was launched as the ele.

Polestar Announces New Board Chair and Strengthens Board of Directors

Polestar (PSNY) plans to enter seven new markets across Asia, Europe and Latin America in 2025.

Polestar (PSNY) Plans to Debut in 7 New Markets in 2025

The EV makerr is expanding its commercial market as it grows its lineup. The company also brought in new executives to lead the expansion push.

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Polestar is adopting a non-genuine sales model. What is a non-genuine model anyway?

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Polestar intends to launch in seven markets next year, the Swedish electric-vehicle maker said on Monday, as it looks to attract new customers.

Swedish EV maker Polestar plans to enter seven markets in 2025

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) is expanding its commercial footprint and retail operations across existing and new markets, as its model line-up continues to grow. The company is widening its retail footprint with existing and new partners, as part of a shift to a non-genuine agency sales model across Europe. Customers will still be able to configure and order their Polestar online, as well as through the expanding network of Polestar Spaces and service locations,.

News for Polestar Automotive Holding UK PLC Stock (PSNY)