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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 has also recently received a notice about its stock price falling below $1 per share, which is troubling, as well. A hand turning up a dial labeled risk. Image source: Getty Images.
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 ...
Scandinavian vehicle maker Polestar Automotive (NASDAQ: PSNY) announced that the production of its latest electric vehicle (EV) has begun in the U.S., and investors were clearly impressed with ...
Polestar Automotive (NASDAQ: PSNY) stock crumpled under the pressure of an earnings miss Thursday morning. As of 10:35 a.m. ET, shares of the Sweden-based, China-controlled electric car company ...
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'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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