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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 ...
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 ...
Reasons to buy or hold Polestar's stock. ... It didn't provide a full-year delivery outlook for 2024 but is aiming to deliver about 155,000 vehicles in 2025. ... Polestar has already cut its ...
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 ...
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 ...
Swedish EV maker Polestar hit a major milestone today, commencing production of its Polestar 3 SUV in South Carolina as it looks to avoid US tariffs on China-made EVs.
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Polestar offered the alluring chance to invest on the ground floor in a pure-play premium EV brand unencumbered by the baggage of stranded legacy assets like combustion engine car models.