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 Q2 2023

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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.

The Polestar stock has been an underperformer across the broader EV peer group in recent weeks, despite consistent delivery of fundamental outperformance amid unprecedented auto production challenges. A key driver could potentially be the underlying business' significant exposure to China's ongoing COVID-disruptions to manufacturing, and more recently, the energy crisis in regions where Polestar vehicles are made.

Polestar: Assessing The Implications Of Chengdu And Chongqing Shutdowns

In today's topsy-turvy market, investors appear to be taking a more cautious approach to equities. Such is the case with premium electric vehicle (EV) maker Polestar (NASDAQ: PSNY ), with PSNY stock down approximately 2% at the time of writing.

Polestar (PSNY) Stock Falls Despite Electric Boat Plans

Efforts to address the environmental effects of marine transport are being made in a number of ways.

EV maker Polestar to provide batteries for 'flying' electric boats

In its five years as a standalone automaker, Polestar has placed into production two vehicles and announced the delivery schedule of four additional vehicles. The latest, the Polestar 6, is an electric roadster that's due to hit the road in 2026.

Polestar CEO sees value in EVs, even when they're parked

The gorgeous 884-horsepower sport convertible concept is production-bound and will use the same high-performance EV architecture as the upcoming Polestar 5 sedan.

Polestar 6 Electric Roadster Slated for 2026 Production, Based on the O2 Concept

Electric vehicle maker Polestar said Tuesday that it is expanding its lineup to include an 884-horsepower hard-top convertible with recycled polyester upholstery. The Polestar 6 electric performance roadster will go into production in 2026 based on the Polestar O₂ Concept the company revealed in March.

Polestar is launching an EV roadster in 2026 called the Polestar 6

Polestar said it will build a version of its popular O2 roadster show car. Production won't start until 2026, but interested buyers can reserve now.

Polestar will launch a hot new electric roadster — but not until 2026

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY), the Swedish electric performance car company, confirms plans to put the Polestar electric roadster concept into production. The production car is expected to launch in 2026 as the Polestar 6 electric performance roadster. Interested customers in all active Polestar markets are able to reserve a build slot online starting August 16, 2022. “With the overwhelming consumer and press response, we took the decision to put this stunning roa

Polestar Electric Roadster Concept Planned to Enter Production as Polestar 6

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In the world of speculative electric vehicle (EV) stocks, it's a great day to be an investor. As of early afternoon trading, shares of Workhorse (NASDAQ: WKHS ), Nikola (NASDAQ: NKLA ), Fisker (NYSE: FSR ) and Polestar (NASDAQ: PSNY ) have all surged on a mixed day in equity markets.

Why Are EV Stocks WKHS, NKLA, FSR, PSNY Up Today?

Source: Robert Way / Shutterstock.com Polestar Automotive (NASDAQ: PSNY ) stock is a hot topic after Deutsche Bank analyst Emmanuel Rosner initiated coverage on Monday. The coverage from Rosner kicks off with a “hold” rating for PSNY stock.

PSNY Stock Alert: Will Partnerships Be Key for Polestar?

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The newly public electric vehicle maker is on track to deliver 50,000 cars in 2022.

Tesla Rival Polestar's Electric Vehicle Deliveries Soared 123% in the First Half of 2022

Polestar Automotive (PSNY) stock is rising higher on Wednesday following an update on the company's performance in 2022. The post PSNY Stock Alert: Polestar Announces 125% Sales Increase So Far in 2022 appeared first on InvestorPlace.

PSNY Stock Alert: Polestar Announces 125% Sales Increase So Far in 2022

Polestar, the electric vehicle maker that made its Nasdaq debut in June, said Wednesday it is on track to meet its annual sales target. For the first half of 2022, Polestar delivered approximately 21,200 cars, more than twice as many as the 9,510 cars it posted for the same period in 2021.

Polestar on track to sell 50,000 EVs in 2022

Electric-vehicle maker Polestar delivered 21,200 vehicles in the first six months of 2022.

Polestar Deliveries Impress. But the EV Maker Needs to Go Faster to Hit Its Goal.

Polestar's first-half deliveries were hurt by China's Covid-19 lockdowns, but the electric vehicle maker still expects to meet its full-year guidance.

Polestar says it's still on track to deliver 50,000 vehicles this year despite Covid-19 disruptions

Polestar Automotive Holding UK PLC PSNY, +0.20% backed its full-year guidance for deliveries of 50,000 cars, as the Swedish electric car company offered an update on its year-to-date performance. Gothenburg-based Polestar, which went public on the Nasdaq in June following a merger with a special-purpose acquisition coropration, said it delivered about 21,200 cars in the first half, more than double the 9,510 delivered in the year-earlier period.

Polestar still sees deliveries of 50,000 cars in 2022 as first-half more than doubles from a year ago

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY), the premium electric performance car company, announces a robust performance for the first half of 2022 with record deliveries and a very strong order book. Continued development in existing and new markets is driving substantial growth in customer demand. The Swedish company, which listed on the Nasdaq New York stock exchange in late June, delivered approximately 21,200 cars in the first six months of 2022, more than doubling delive

Polestar Cars Reports 125% Sales Increase for First Half of 2022 and Reaffirms Sales Guidance for Full Year

The following provides a roundup of 2Q22 delivery and production volumes observed across EV OEMs within our coverage (TSLA; RIVN; LCID; PSNY; NIO; XPEV). Most EV OEMs have outperformed volume expectations in the second quarter despite recent China lockdowns that have exacerbated supply chain troubles, underscoring positive progress in ramping productions.

EV Roundup: Everything From Tesla To NIO, U.S. To China

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With Tesla opening its Supercharger network to non-Tesla drivers, EV stocks responded positively but the magnitude is mixed. The post Why Are EV Stocks TSLA, GOEV, PSNY, MULN, RIVN, LCID Up Today?

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Polestar (PSNY) stock is falling on Thursday shortly after the company made its public debut following a SPAC merger this week. The post Why Is Polestar (PSNY) Stock Down 7% Today?

Why Is Polestar (PSNY) Stock Down 7% Today?

The newly public electric vehicle maker has several competitive advantages over others in its industry.

Should Tesla Be Concerned About Polestar?

NEW YORK--(BUSINESS WIRE)--Polestar, the Swedish electric car brand, has rung the famous bell at the Nasdaq stock exchange in New York City to celebrate its public listing. Polestar began trading officially under the ticker “PSNY” on 24 June 2022. Polestar CEO Thomas Ingenlath was joined by members of the Polestar and Gores Guggenheim teams, gathering in New York City to mark the latest milestone in Polestar's journey towards sustainable mobility. Thomas Ingenlath, CEO of Polestar, states: “Thi

Polestar rings Nasdaq bell to celebrate public listing

Polestar (NYSE: PSNY) is a Swedish electric car maker, which is a part of the Volvo group.  The company went public through a special purpose acquisition company (SPAC) with The Gores Guggenheim Group.

News for Polestar Automotive Holding UK PLC Stock (PSNY)