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Electric vehicle (EV) stocks got quite a charge on Friday thanks to good news coming from one of their more prominent players. That player wasn't Polestar (NASDAQ: PSNY).Nevertheless, the somewhat ...
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 ...
Polestar is a very risky stock Polestar is one of a handful of upstart EV makers that is trying to break into the auto industry with all-electric vehicles. So far, the only company that has really ...
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 ...
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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 ...
Adding new EV markets. Polestar currently builds most of its EVs in China, but will soon be manufacturing its Polestar 3 SUV at an existing Volvo plant in the United States. It also has plans for ...
Electric car stocks took a tumble in noon (ET) trading Thursday, with Lucid Group (NASDAQ: LCID) falling 3.8%, Rivian Automotive (NASDAQ: RIVN) sliding 4.6%, and Polestar (NASDAQ: PSNY) doing ...
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