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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Polestar Automotive Holding UK PLC (PSNY) Q4 2023 Earnings Call Transcript

Polestar lost a funding source in Volvo, but now has a new loan facility to tap. It secured $950 million in funding from a group of global banks.

Why Polestar Stock Shot Higher Today

Polestar (NASDAQ: PSNY ) stock is on the rise Thursday after the electric vehicle (EV) company announced progress on its joint venture with Hubei Xingji Meizu. Polestar notes that this joint venture, which it owns 49% of, is dedicated to brings EVs to the Chinese market.

PSNY Stock Alert: Polestar Makes Moves With Its Joint Venture

With plenty of red on investors' screens today, let's talk about one company that's seeing a ton of green in today's session. Swedish EV maker Polestar Automotive (NASDAQ: PSNY ) has seen its value skyrocket today.

PSNY Stock Alert: The $1 Billion Reason Polestar Is Up 20% Today

Polestar Automotive Holding UK plc (NASDAQ: PSNY) is in the green this morning after raising close to a billion-dollar from a bank syndicate.

Polestar secures $950 million from a bank syndicate

Polestar said on Wednesday it had raised a $950 million loan from a bank syndicate, helping to fill a gap left when Volvo Cars said it would stop funding the electric carmaker.

Polestar raises almost $1 bln, sees margins improving in 2024

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces that it has secured USD 950 million in external funding. The company is making strong progress on its strengthened business plan and achieving its 2025 targets. The financing is being provided by 12 leading international banks including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC and SPDB, in the form of a three-year loan facility. It provides Po.

Polestar secures USD 1 billion external funding; business outlook confirmed

Volvo AB

Shares of Volvo Cars fell on Friday after the company said it would dilute its stake in electric vehicle maker Polestar.

Volvo falls 5% after it sets out to dilute stake in electric vehicle automaker Polestar

Volvo Cars said on Friday it plans to distribute 62.7% of its stake worth 9.5 billion crowns ($920.17 million) in Swedish electric vehicle manufacturer Polestar Automotive Holding to its own shareholders.

Volvo Cars to dilute stake in EV maker Polestar

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Polestar agreed to let Hertz out of a deal to buy its cars for now. Stipulations in the agreement protect Polestar's resale values.

Polestar's CEO just hinted at a looming problem in the EV market: Tanking used values

Polestar Automotive Holding UK PLC (PSNY) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Polestar Automotive Holding UK PLC (PSNY) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

Hertz

Polestar (NASDAQ:PSNY) stock is slipping on Monday after the electric vehicle (EV) company waived an agreement with Hertz (NASDAQ:HTZ) for the purchase of its EVs. Hertz had originally agreed to acquire 65,000 EVs from Polestar over a five-year period.

PSNY Stock Alert: Is Hertz Giving Up on Polestar?

Hertz Global Holdings Inc (NASDAQ: HTZ) says it will not buy electric vehicles from Polestar Automotive Holding UK Plc (NASDAQ: PSNY) in 2024. Shares of the latter are down 5.0% this morning.

Hertz pauses plans of buying Polestar EVs

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Volvo's Polestar troubles signal 'shakeout time' for EV industry

The company declared Volvo Cars is focused on “developing and concentrating its resources on its own ambitious journey.”

News for Polestar Automotive Holding UK PLC Stock (PSNY)