EV firm Polestar expects positive fourth-quarter gross margin despite slow demand
Polestar said on Friday that it expected to achieve a positive gross profit margin in the fourth quarter despite its electric vehicle deliveries falling 14% in the third quarter.
Polestar Automotive (PSNY) Stock Drops 5.06% Amid Market Fluctuations
Polestar Automotive (PSNY, Financial) experienced a significant stock price decline of 5.06%. The share price fell to $1.65, with a trading volume of approximately 2.87 million shares and a turnover rate of 0.14%.
Is Polestar Automotive Stock a Buy?
Polestar is an electric vehicle maker with a global business. The auto company started off its second quarter with a big number, a sequential delivery increase of 82%.
Where Will Polestar Automotive Stock Be in 3 Years?
Polestar's stock has plunged nearly 90% since its public debut. Its growth was throttled by supply chain and software issues.
Why Investors Hit the Brakes on Polestar Stock Today
The already-inexpensive shares received a 25% price target cut from a pundit. The EV maker's prospects have improved lately, but it's operating in an increasingly challenging market.
Why Polestar Stock Is Sizzling Hot Today
Polestar announced yet another leadership change. The EV maker is launching new cars and expanding its global footprint.
EV firm Polestar taps former Stellantis finance executive as CFO
Electric vehicle maker Polestar said on Tuesday it has appointed former Stellantis finance executive Jean-Francois Mady as its CFO, days after replacing long-time CEO Thomas Ingenlath.
Why Polestar Stock Jumped Today
Polestar Automotive this week announced a sharp increase in second-quarter sales. Polestar recently started manufacturing vehicles in the U.S. The company is bringing in a new CEO.
Polestar Incurs $242M Operating Loss in Q2, Eyes Recovery in 2H24
PSNY expects the second half of 2024 to be better than the first half, thanks to the growing sales of two premium SUVs, Polestar 3 and 4.
Polestar Lives to Fight Another Day After Q2 Earnings
Polestar Automotive NASDAQ: PSNY is an electric vehicle company that has seen a shock to its share price over the past 52 weeks. Prior to its recent earnings release, shares were down 70%.
Why Beaten-Down EV Stock Polestar Surged 21% Today
Polestar reported a strong sequential jump in deliveries for the second quarter. The EV maker expects stronger months ahead as it starts selling new cars.
EV tariffs could hurt European companies and industry, Polestar CFO says
Import tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies, the chief financial officer of Swedish EV maker Polestar said on Thursday.
