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.

Polestar is still on track to build 60,000 to 70,000 EVs in 2023, with two new models coming in the next several months.

Polestar second-quarter loss widens as it ramps up EV deliveries

The EV maker reported a per-share loss of 14 cents from sales of $685 million. Wall Street was looking for a loss of 13 cents from sales of $756 million.

Polestar Earnings, Sales Fall Short. Why the Market Is Shrugging.

Swedish electric vehicle maker Polestar's operating loss narrowed in its second quarter as the auto industry slowly recovers from pandemic-related supply chain bottlenecks.

Polestar posts narrower loss as supply chain challenges ease

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC, the Swedish electric performance car brand, today reports its results for the second quarter of 2023.

Polestar Reports Results for the Second Quarter, Expects Continued Strong Momentum for the Rest of the Year

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Polestar (NASDAQ: PSNY ) stock is getting a boost on Friday after the electric vehicle (EV) company announced a new partnership with Mobileye (NASDAQ: MBLY ). According to a press release from the company, it's teaming up with Mobileye to add its autonomous driving solutions to Polestar EVs.

PSNY Stock Alert: Polestar Announces New Mobileye Partnership

Polestar, the Swedish electric vehicle (EV) maker, has hit 150,000 deliveries of its Polestar 2 car, the company announced.  The company is the fastest-growing car brand in the UK, with 20,000 Polestar vehicles on the road in the country.

Swedish EV producer Polestar hits 150,000 delivery milestone

The electric-vehicle start-up said deliveries of its improved Polestar 2 sedan have started and it has now manufactured 150,000 EVs since the company began.

Polestar Upgrades Model, Hits EV Production Milestone. It's Still Losing Ground To Tesla.

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Polestar Automotive Holding UK PLC NASDAQ: PSNY is an electric vehicle (EV) maker headquartered in Gothenburg, Sweden. Shares are finally breaking out of a seven-month-long weekly descending triangle pattern driven by its record quarterly vehicle deliveries recorded for Q2 2023.

Polestar Automotive Leaps Ahead in the EV Production Race

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Both Rivian and Polestar are on pace to produce and deliver record vehicle numbers. Both stocks represent a tempting hedge to EV darling Tesla stock.

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Polestar (NASDAQ: PSNY ) stock is in the green this morning after the electric vehicle (EV) maker announced record-high Q2 EV deliveries. At its recent deliveries announcement, the Swedish automaker revealed it had delivered approximately 15,800 vehicles in its fiscal Q2 and about 27,900 EVs so far in 2023.

PSNY Stock Alert: Polestar Announces Record EV Deliveries

Shares of Polestar Automotive Holding UK PLC PSNY surged 5.2% toward a four-month high in premarket trading Thursday, after the Sweden-based luxury electric vehicle (EV) maker reported record second-quarter deliveries. The company said it delivered “approximately” 15,800 vehicles during the latest quarter, and “around” 27,900 EVs for the first six months of 2023, compared with “approximately” 21,200 deliveries in the first half of 2022.

Polestar Automotive stock surges after EV maker reports record deliveries for the latest quarter

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC, (“Polestar”, NASDAQ: PSNY) the Swedish electric performance car brand, reports its global deliveries for the second quarter of 2023. Following strong deliveries in the month of June, up 73% year-on-year, Polestar achieved its best ever second quarter, delivering approximately 15,800 vehicles, a growth of 36% compared to last year. With record global deliveries of around 27,900 for the first six months, Polestar is on track.

Polestar Achieves Record Deliveries in the Second Quarter, Growing 36% Year-on-year

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Polestar's stock has plunged nearly 70% since its public debut. Investors are concerned about its supply chain challenges and delays.

Is It Too Late to Buy Polestar Automotive Stock?

Polestar Automotive Holding UK PLC (NASDAQ: PSNY), one of many small electric vehicle (EV) companies, cannot sell many cars, nor can it make any money.

News for Polestar Automotive Holding UK PLC Stock (PSNY)