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Polestar delivered 82% more cars in the second quarter of 2024 than it did in the first quarter. ... Polestar has also recently received a notice about its stock price falling below $1 per share ...
When Polestar Automotive (NASDAQ: PSNY) went public by merging with a special purpose acquisition company (SPAC) in June 2022, it initially seemed like a promising electric vehicle (EV) stock.
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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 ...
Monday dawned bright for electric car stocks, with Lucid Group ... Citi cut its price target on Polestar to $1.10 per share. ... The Stock Advisor service has more than quadrupled the return of S ...
Can a new CEO and new cars change Polestar's fortunes?
Polestar's showroom in Oslo, Norway. In October 2017, Volvo Cars and Geely Holding announced that Polestar would become a standalone brand focusing on electric cars. [26] The brand introduced the Polestar 1 on 17 October 2017, a 2+2 coupé inspired by Volvo's Concept Coupé introduced in 2013, which includes influences from the Volvo P1800.
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 ...