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

Earnings data Q4 2022

Earnings data Q1 2022

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

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.

Polestar Automotive Holding UK PLC (NASDAQ:PSNY ) Q2 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Bojana Flint - Investor Relations Per Ansgar - Chief Financial Officer Conference Call Participants Tobias Beith - Redburn Atlantic Andres Sheppard - Cantor Fitzgerald Trevor Young - Barclays Daniel Röska - Bernstein Research Operator Good day, and thank you for standing by. Welcome to the Polestar Q2 2024 Results.

Polestar Automotive Holding UK PLC (PSNY) Q2 2024 Earnings Call Transcript

Polestar Automotive (NASDAQ:PSNY) shares traded up nearly 7% on Thursday, to $1.01, after the EV firm narrowed its losses for the second quarter, At $242.3 million, the second-quarter operating loss improved from last year's $273.6 million loss. Revenue for the quarter was down, however, at $574.9 million from $693.3 million a year ago.

Polestar share trade up on narrower loss for quarter

Polestar posted a second quarter operating loss on Thursday, a day after the Swedish electric vehicle (EV) maker replaced its CEO amid funding issues and flagging sales.

Polestar posts further loss, hit by demand slowdown and delay in car launches

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY), reports its preliminary unaudited financial and operational results for the second quarter ended June 30, 2024. Deliveries were 13,150 cars, an 82% increase compared to the first quarter, taking global deliveries for the first six months of the year to 20,371, with strong momentum especially in the USA, Sweden, Norway and Germany. At the same time, active management actions improved inventory turnover and reduced the number of cars i.

Polestar Publishes Q2 2024 Results: 82% Growth in Global Deliveries

Polestar's CEO abruptly left the EV upstart. Canada is putting a 100% tariff on Chinese EV imports.

Why EV Stocks Plunged on Wednesday

Just weeks ago, during an interview with TechCrunch, Thomas Ingenlath laid out his plan to turn Polestar into a self-sustaining company. Now, he's out.

Polestar is getting a new CEO amid EV sales slump

Polestar and Hyundai are the latest carmakers to signal changes as the industry grapples with slowing electric vehicle demand. Hyundai unveiled plans to double the number of hybrid models it offers to 14 on Wednesday.

EV demand slowdown sees Hyundai turn to hybrids, Polestar switch boss

Swedish electric-vehicle (EV) maker Polestar said on Wednesday that Michael Lohscheller will become chief executive, replacing current CEO Thomas Ingenlath.

Swedish EV maker Polestar appoints Michael Lohscheller as CEO

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that Michael Lohscheller, a seasoned automotive leader with extensive experience in driving operational excellence and strategic growth, will assume the role of CEO. Thomas Ingenlath, who has served as CEO since Polestar's inception and successfully positioned the brand for its next chapter, has resigned, with the change effective 1 October 2024. Michael Lohscheller, who has previously served as CEO of Opel, VinFast and Niko.

Polestar Announces Leadership Change: Michael Lohscheller Appointed CEO

Polestar (PSNY) stock price has bounced back in the past few days as the market waits for its second quarter update. It rose to the important resistance point at $1 on Monday, up by over 60% from its lowest point this month.

Polestar stock forms a double bottom; 1 key risk remains

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Polestar Automotive Holding UK PLC (PSNY) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Despite Fast-paced Momentum, Polestar Automotive Holding UK PLC (PSNY) Is Still a Bargain Stock

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that Philipp Römers has been appointed Head of Design. Philipp has over 25 years of experience in automotive design and joins Polestar from AUDI AG, where he has held a number of roles, including Head of Exterior Design. Before joining AUDI AG, he was a leading designer at Volkswagen AG. Philipp will succeed Maximilian Missoni, who after 6 years with Polestar and a total of 12 years in Sweden, has decided to take up a new ro.

Polestar Appoints Philipp Römers Head of Design

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar announces the first European deliveries of the SUV Coupe Polestar 4.

Polestar Delivers First Customer Polestar 4 SUV Coupes in Europe

Polestar has begun building its new electric SUV in a Volvo factory in South Carolina. The move allows it to avoid tariffs on China-made EVs in the U.S. and Europe.

Why Polestar Stock Is Surging Today

The ambitious automaker is launching production of its latest model in the U.S. The Polestar 3 should start rolling out of its South Carolina factory soon.

Why Polestar Stock Was Zooming Higher This Week

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) has filed its Annual Report on Form 20-F for the fiscal year ended 31 December 2023 with the U.S. Securities and Exchange Commission. As a result, the Company has regained reporting compliance, meeting the requirements of Nasdaq Listing Rule 5250(c)(1). Polestar's Annual Report on Form 20-F is available via the Investor Relations website: www.investors.polestar.com. Forward-Looking Statements Certain statements in this press release (.

Polestar Files Annual Report

Swedish electric-vehicle (EV) maker Polestar moved one step further in avoiding major tariffs imposed on Chinese-made cars on Wednesday when the automaker said it began production of its Polestar 3 SUV in the United States.

Swedish EV maker Polestar starts U.S. production, avoiding heavy tariffs

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that production of its luxury SUV, Polestar 3, has started in South Carolina, USA. This makes the Polestar 3 the first Polestar to be produced on two continents. The factory in South Carolina produces cars for customers in the US and Europe, complementing existing production in Chengdu, China. Thomas Ingenlath, Polestar's CEO, comments: “Manufacturing Polestar 3 in the USA is a crucial step for us. Now we offer customers in.

The First Polestar Manufactured in the USA: Production of Polestar 3 Starts in South Carolina

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Electric vehicle manufacturer Polestar Automotive (NASDAQ: PSNY ) produces cars that are stylish and powerful. Yet, this doesn't ensure that Polestar's shareholders will succeed in the long run.

Polestar Stock: This One Problem MUST Be Solved Before It's Buyable

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Polestar Automotive has struggled since going public in 2022, with low vehicle deliveries and high cash burn. Recent financials for Q1 show decreased revenues, negative gross margins, and operating losses, despite some improvement in cash burn. The company's balance sheet remains quite concerning, with a negative equity balance and the need for more capital.

Polestar: Waiting For Capital Raise

Polestar (NASDAQ: PSNY ), an electric vehicle (EV) company backed by China's Geely (OTCMKTS: GELYY ), but based in Sweden, got a non-compliance notice from Nasdaq for failing to maintain a price of $1 per share. Polestar has until Jan. 2 to get its price up and maintain its listing.

PSNY Stock Alert: Polestar Receives Nasdaq Non-Compliance Notice

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) is once again at Goodwood Festival of Speed showing its expanded model line-up with the new Polestar 3 and Polestar 4 electric SUVs joining the Polestar 2 centre stage. Star of the show is the Polestar Concept BST, making its global debut at the famous motoring festival. In the first glance paddock the Polestar 3 and Polestar 4 are joined by the Polestar 6 Concept, marking the dynamic debut for the electric roadster concept. Thomas In.

News for Polestar Automotive Holding UK PLC Stock (PSNY)