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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Earnings data Q3 2024

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.

MAHWAH, N.J.--(BUSINESS WIRE)--Polestar, the Swedish premium electric performance car brand, has delivered its first U.S.-built Polestar 3 SUVs to customers in the North American market. Deliveries of Polestar 3 began around the U.S. and Canada in the past few weeks and now units manufactured in the South Carolina plant have begun as well. The SUV for the electric age plays an important role in the brand's continued development, as Polestar moves from a one- to a three-car brand with Polestar 2.

Polestar Delivers First Polestar 3 Manufactured in U.S. to North American Customers

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) now offers its customers access to 17,800 Tesla Superchargers across North America, complementing its existing offer in Europe and China. Future Polestar cars in North America will adopt the NACS inlet as standard equipment and until then, Polestar owners can order a NACS adapter through their local Polestar Service Center. In addition, Polestar's in-car Google Maps will be updated to show all available NACS chargers. In Europe, Poles.

Polestar Now Offers Its Customers Access to One of the World's Largest Charging Networks

Tesla

Volvo AB

The Swedish premium automakers will begin offering NACS adapters for their 2025 model year electric SUVs starting on Nov. 18.

Volvo and Polestar EVs Get Tesla Supercharger Access Next Month

Should you invest in this unloved electric vehicle maker?

Polestar Automotive Stock: Buy, Sell, or Hold?

The EV maker has faced numerous challenges over the past year, and a new management team will look to right the ship.

Should You Buy Polestar Stock While It's Below $2.50?

Polestar said on Friday that it expected to achieve a positive gross profit margin in the fourth quarter despite its electric vehicle deliveries falling 14% in the third quarter.

EV firm Polestar expects positive fourth-quarter gross margin despite slow demand

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) delivered approximately 11,900 cars in the third quarter, taking total deliveries for the first nine months of the year to 32,300 (2023: 41,844). Michael Lohscheller, Polestar CEO, says: “Polestar has a great foundation to build upon, with access to the best EV technology, a global manufacturing capability and strong support from Geely. Together with the management team, we are conducting a review of our strategy and operations, to se.

Polestar Announces Global Volumes for the Third Quarter; to Provide Business and Strategy Update on 16 January 2025

Nikola

There are signs that growth is returning to electric vehicle demand.

Why Tesla and Polestar Stocks Soared, but Nikola Plunged in September

Polestar Automotive (PSNY, Financial) experienced a significant stock price decline of 5.06%. The share price fell to $1.65, with a trading volume of approximately 2.87 million shares and a turnover rate of 0.14%.

Polestar Automotive (PSNY) Stock Drops 5.06% Amid Market Fluctuations

Polestar is an electric vehicle maker with a global business. The auto company started off its second quarter with a big number, a sequential delivery increase of 82%.

Is Polestar Automotive Stock a Buy?

Infosys

BENGALURU, India, Sept. 25, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with Polestar (NASDAQ: PSNY), the Swedish electric performance car brand.

Infosys and Polestar Enter Strategic Collaboration by opening Technology Hub in Bengaluru, India

Polestar Automotive Holding's stock was up about 1.7% in premarket trading on Tuesday after the electric-vehicle maker said it has satisfied requirements to remain on the Nasdaq.

Polestar's stock rises as it maintains Nasdaq listing requirements

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) has received notice that with the closing bid price of the Company's American Depositary Shares (“ADSs”) exceeding $1.00 for at least ten consecutive business days, Polestar has regained compliance with Nasdaq's Listing Rule 5450(a)(1). As previously announced, Polestar was notified by Nasdaq on July 5, 2024, that it was not in compliance with the minimum bid price requirement as the Company's ADSs had closed below $1.00 for 30 consec.

Polestar Fully Compliant With Nasdaq Listing Rules

Polestar's stock has plunged nearly 90% since its public debut. Its growth was throttled by supply chain and software issues.

Where Will Polestar Automotive Stock Be in 3 Years?

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) is holding its Annual General Meeting (AGM) in London on 7 October 2024. Full details of the AGM, including instructions for proxy voting by registered shareholders, are available on the Company's Investor Relations website https://investors.polestar.com/. As announced on 18 June, Håkan Samuelsson intends to retire as Board Chair at the AGM, with Winfried Vahland taking on the role. Christine Gorjanc and Xiaojie Shen (Laura) have also.

Polestar Announces Date of AGM and Board Changes

Ford Motor Company

General Motors

Rivian Automotive

Analyst Edison Yu rates shares of Rivian, Ford, GM, and Polestar Automotive at Hold.

Auto Stocks Get New Ratings From Deutsche. They Aren't So Good.

The already-inexpensive shares received a 25% price target cut from a pundit. The EV maker's prospects have improved lately, but it's operating in an increasingly challenging market.

Why Investors Hit the Brakes on Polestar Stock Today

Polestar announced yet another leadership change. The EV maker is launching new cars and expanding its global footprint.

Why Polestar Stock Is Sizzling Hot Today

Electric vehicle maker Polestar said on Tuesday it has appointed former Stellantis finance executive Jean-Francois Mady as its CFO, days after replacing long-time CEO Thomas Ingenlath.

EV firm Polestar taps former Stellantis finance executive as CFO

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) continues to prepare itself for the next step in its development by appointing Jean-Francois Mady to the role of Chief Financial Officer (CFO), effective 21 October 2024. Jean-Francois brings 25 years of experience from senior, leading roles in automotive finance and financial services across Europe, China, Asia and India. Most recently he was Senior Vice President of Global Accounting Operations and Finance Transformation at Stellant.

Polestar appoints Jean-Francois Mady as CFO

Polestar Automotive this week announced a sharp increase in second-quarter sales. Polestar recently started manufacturing vehicles in the U.S. The company is bringing in a new CEO.

Why Polestar Stock Jumped Today

PSNY expects the second half of 2024 to be better than the first half, thanks to the growing sales of two premium SUVs, Polestar 3 and 4.

Polestar Incurs $242M Operating Loss in Q2, Eyes Recovery in 2H24

Polestar Automotive NASDAQ: PSNY is an electric vehicle company that has seen a shock to its share price over the past 52 weeks. Prior to its recent earnings release, shares were down 70%.

Polestar Lives to Fight Another Day After Q2 Earnings

Polestar reported a strong sequential jump in deliveries for the second quarter. The EV maker expects stronger months ahead as it starts selling new cars.

Why Beaten-Down EV Stock Polestar Surged 21% Today

Import tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies, the chief financial officer of Swedish EV maker Polestar said on Thursday.

News for Polestar Automotive Holding UK PLC Stock (PSNY)