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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 ...
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 ...
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 ...
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 ...
The Polestar 5 is an upcoming high-performance full-size sedan battery electric vehicle (BEV) produced by Swedish automobile manufacturer Polestar, an affiliate of Geely Holding and Volvo Cars. The Polestar 5 is expected to become commercially available in 2025.
Polestar sold 12,548 cars in Q3, down 8% year over year. Revenue from those sales declined by 10%, and on the bottom line, Polestar's $323 million net loss works out to Polestar losing more than ...
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 ...