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Its shares closed the day nearly 11% higher in price, easily trouncing the 1.3% increase of the S&P 500 index. Motoring ahead. The manufacturer with the happy news was Polestar peer Rivian (NASDAQ ...
But the 20 million-car target just went poof. ... Rivian, and Polestar? Tesla sold 1.8 million EVs worldwide last year. Getting to 20 million by 2030 -- a more than 10x increase in volume -- was ...
Polestar stock slid over 8% on Thursday after the luxury electric vehicle maker cut its near and long-term production forecasts and is raising new funding from its backers, Volvo Cars and China ...
Polestar delivered 82% more cars in the second quarter of 2024 than it did in the first quarter. But that number should probably worry you.
Polestar's stock opened at nearly $13 on the first day but now trades at about $1.30 per share. Like many other SPAC-backed EV makers, it ran out of juice as its deliveries stalled and it racked ...
Its stock opened at $12.98 on its first day, but it now trades at about $1.60. Polestar lost nearly 90% of its value as software issues and supply chain constraints throttled production. The macro ...
PSNY revenue (TTM) data by YCharts; TTM = trailing 12 months. One crucial figure to monitor is Polestar's cash burn. In the past year, it earned around $2 billion, but it had a net loss of $1.4 ...
On the back of a fresh analyst price target cut, the company's shares took a nearly 12% hit to their price, a more precipitous decline than the 0.2% drop of the benchmark S&P 500 index. A 25% chop ...