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

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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.

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Shares of electric vehicle (EV) maker Polestar (NASDAQ: PSNY ) are trending on social media today. PSNY stock is retreating 5% after the company filed a mixed-shelf offering that will raise as much as $1 billion.

PSNY Stock Is Plunging Because Polestar Needs Up to $1 Billion in Cash

Polestar Automotive (NASDAQ:PSNY) saw its stock down more than 9% in premarket, as investors reacted to a new $1 billion fundraise. The Sweden-based EV maker, which is among the cohort that aims to take market share from Tesla, gave investors little certainty over the form of fundraising in the work – as an SEC filing stated it may issue any combination of equity share classes, preferred stock, and/or warrants to raise the new capital.

Polestar rocked as EV maker files for $1bn equity raise

The company said it would raise the funds through a variety of methods, including share sales in a filing with the Securities and Exchange Commission late Tuesday.

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Fans of Polestar Automotive (NASDAQ: PSNY ) stock will want to mark their calendars for Nov. 9 as the electric vehicle (EV) company prepares for a major event. Nov. 9 is when Polestar Automotive plans to hold its Polestar Day.

Dear Polestar (PSNY) Stock Fans, Mark Your Calendars for Nov. 9

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY), the Swedish electric performance car brand, invites shareholders to attend an exclusive, in-person event on 9 November 2023 in Los Angeles. Polestar Day will provide an opportunity for participants to experience the latest innovations and technologies that are being integrated into Polestar's growing line-up of design-led, luxury, performance EVs. Management will be joined by select strategic partners in a keynote presentation, to sh.

Polestar Day to Feature Future Technologies and Full Model Line-Up in Los Angeles on November 9

Swedish electric car brand Polestar delivered approximately 13,900 vehicles during the third quarter of 2023, a 50% increase compared to the same period last year. The higher-priced, upgraded Polestar 2 model significantly contributed to this growth and strong margin improvement.

Polestar deliveries increase by 50%

Polestar (NASDAQ: PSNY ) stock is a hot topic on Thursday after the electric vehicle (EV) company announced a new record for deliveries. According to a press release from Polestar, the company delivered a total of 13,900 EVs during the third quarter of the year.

PSNY Stock Alert: Polestar Just Announced Record Deliveries

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Polestar Automotive Holding UK PLC's stock PSNY, -5.02% rose 1.5% in premarket trade Thursday, after the Swedish electric vehicle company said it delivered about 13,900 vehicles in the third quarter, up 50% from the year-earlier period. Sales of the higher priced and upgraded Polestar 2 contributed to a strong margin improvement, the company said in a statement.

Swedish EV company Polestar delivered 13,900 vehicles in Q3, on track for 60,000 to 70,000 for the year

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, reports its global deliveries for the third quarter of 2023. Polestar delivered approximately 13,900 vehicles in the third quarter, a growth of 50% compared to last year, with sales of the higher priced, upgraded Polestar 2 contributing to a strong margin improvement. With approximately 41,700 deliveries in the first nine months, a growth of 37% year-on-year, and P.

Polestar Achieves Record Third Quarter Deliveries, up 50% Year-on-Year; Expects Higher Margins for the Remainder of 2023

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Polestar has got an upgrade from Deutsche Bank following the Munich Motor Show with the German bank saying the luxury EV maker has plans in place to boost margins. Volvo (Geely) owned Polestar acknowledged the 4% margin target for this year is too low, but it is seeking underlying profit (EBIT) breakeven through better cost utilisation.

Polestar upgraded but work on margins needed says Deutsche Bank

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Shares of Polestar Automotive (NASDAQ: PSNY ) can be found on today's list of biggest decliners. Unfortunately for investors of this beaten-down electric vehicle (EV) company, shares of PSNY stock hit an all-time low today.

PSNY Stock Alert: Barclays Just Issued a Big Warning on Polestar

Barclays analyst Dan Levy downgraded Polestar Automotive stock to Sell from Hold, and lowered his price target to $3 from $5.

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Polestar, the Swedish EV maker owned by China's Geely Holdings, plans to launch a smartphone alongside its upcoming SUV the Polestar 4. CEO Thomas Ingenlath shared the company's smartphone plans with CNBC during the IAA Mobility event in Germany.

The Polestar 4 will launch in China with its own smartphone

The move underscores the way in which electric vehicle makers launching in China like Polestar are putting technology at the heart of their offering.

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Polestar Automotive Holding UK PLC (NASDAQ:PSNY ) Q2 2023 Earnings Conference Call August 31, 2023 8:00 AM ET Company Participants Bojana Flint - Head of Investor Relations​ Thomas Ingenlath - Chief Executive Officer Johan Malmqvist - Chief Financial Officer Conference Call Participants Alexander Potter - Piper Sandler Steven Fox - Fox Advisors Andres Sheppard - Cantor Fitzgerald Tobias Beith - Redburn Erik Golrang - SEB Dan Levy - Barclays Operator Good day and thank you for standing by. Welcome to the Polestar Q2 2023 Results Conference.

Polestar Automotive Holding UK PLC (PSNY) Q2 2023 Earnings Call Transcript

Polestar Automotive Holding shares short-circuited Thursday after posting a widening net loss in its second-quarter earnings report.  The Swedish EV maker posted an adjusted net loss of $334.4 million, compared to $296.2 million a year earlier.

News for Polestar Automotive Holding UK PLC Stock (PSNY)