Levi & Korsinsky Reminds Shareholders of an Investigation into Polestar Automotive Holding UK PLC (PSNY) Regarding Potential Securities Fraud Allegations ...

Over the last couple of years, the startup electric vehicle space has not been kind to shareholders. Many names have seen their stocks plunge thanks to large losses and cash burn, as well as an inability toI am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the investment management industry. I have been active ...

Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Polestar Automotive Holding UK PLC (PSNY) And Encourages Investors to Reach Out ...

Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Polestar Automotive Holding UK PLC (PSNY) And Encourages Stockholders to Reach Out ...

Operator: Good day, and thank you for standing by. Welcome to the Polestar Q2 2024 Results. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Bojana Flint. Please go ahead. Bojana Flint: Thank you, operator. Hello, everyone. Bojana Flint here from Polestar Investor ...

Polestar Automotive (PSNY -12.71%) 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 were down by 13.5%.Heading into its third-quarter report, analysts had forecast Polestar would rack up $634 million in sales and lose about $0.15 per share. Polestar missed the sales goal, however, reporting revenue of only $551 million. As regards profits, Polestar said its net loss was $323 million. On a 2.1 billio ...

Earnings Report and Expectations - Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is scheduled to report its Q3 earnings on January 16th [2] - The upcoming earnings report is a key focus for investors and analysts [2] Analyst Background and Investment Approach - The analyst holds a Master of Science in Finance and focuses on long-term investments with a 5-10 year horizon [2] - The analyst prefers a portfolio mix of growth, value, and dividend-paying stocks, with a particular emphasis on value stocks [2] - The analyst occasionally engages in selling options as part of their investment strategy [2]

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Should you invest in this unloved electric vehicle maker?When Polestar Automotive (PSNY 1.53%) went public by merging with a special purpose acquisition company (SPAC) in June 2022, it initially seemed like a promising electric vehicle (EV) stock. It was backed by Geely's Volvo, manufacturing thousands of vehicles per year, and had a clear roadmap for the future.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 o ...

The EV maker has faced numerous challenges over the past year, and a new management team will look to right the ship. The stock of Polestar Automotive (PSNY -1.70%) has been on a tear recently, surging 108% since early August as it overhauled its management team and reestablished compliance with Nasdaq listing requirements. However, the company has struggled with production delays, slower demand, and other factors, and the stock remains 88% below its price since going public in 2022. With its new management ...