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%. The price volatility hit 7.49%. Recent financial reports indicate Polestar achieved a revenue of $573 million and posted a net loss of $267 million, translating to an earnings per share (EPS) of -$0.13. The gross profit stood at $1.74 million, resulting in a price-to-earnings (P/E) ratio of -2.49. ...

Unaudited Condensed Consolidated Financial Statements as of June 30, 2024 and for the Six months ended June 30, 2024 and 2023 F-1 INDEX TO FINANCIAL STATEMENTS Unaudited Condensed Consolidated Financial Statements — For the Six months ended June 30, 2024 and 2023 Unaudited Condensed Consolidated Statement of Loss and Comprehensive Loss for the Six months ended June 30, 2024 and 2023 F-3 Unaudited Condensed Consolidated Statement of Financial Position as of June 30, 2024 and December 31, 2023 F-4 Unaudited C ...

Polestar delivered 82% more cars in the second quarter of 2024 than it did in the first quarter. But that number should probably worry you. Polestar Automotive (PSNY 4.57%), like all companies, wants to put its best foot forward when it reports earnings, which is why the lead headline in the second quarter of 2024 was an 82% sequential increase in deliveries. That sounds great, but if deliveries jumped 82% in just one quarter there's got to be a bigger story going on. The bigger story isn't great. Here's so ...

The high-performance EV maker could deliver low-performance gains. Polestar Automotive (PSNY 3.16%) has disappointed a lot of investors since its market debut. The electric vehicle (EV) maker, which was spun off from Volvo, went public by merging with a special purpose acquisition company (SPAC) in June 2022. 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 and ...

No one likes a drastic price target reduction. Although electric vehicle (EV) company Polestar (PSNY -11.68%) has seen notable improvements in its operations lately, Wednesday saw its stock hit with a big sell-off. 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 to the price target The party behind the reduction was Piper Sandler's Alex Potter. Before market op ...

The electric vehicle stock has doubled in just one month. What's brewing? There's no stopping Polestar Automotive (PSNY 11.56%). After going ballistic last month, shares of the Swedish electric vehicle (EV) maker are off to a flying start in September, surging 19.7% at their highest point in trading as of 12:10 p.m. ET Tuesday. Polestar has appointed a new chief financial officer as it gears up to launch new models and expand its footprint, and investors believe this could just be the beginning of better da ...

Investors are cheering the electric vehicle maker's earnings report and its leadership change. Polestar Automotive (PSNY 12.15%) seems to be gaining momentum as electric vehicle (EV) deliveries accelerated in the second quarter, and management foresees even stronger sales as the year progresses. That momentum is lifting shares of the EV maker, which is majority-owned by Geely Holding and Volvo. As of 1 p.m. ET Friday, Polestar stock was up by 12.2%. That followed its 13% gain on Thursday as investors absorb ...

Swedish electric vehicle (EV) maker Polestar Automotive (PSNY) released its second-quarter 2024 results yesterday. The company delivered 13,150 vehicles in the quarter, indicating an 82% jump on a sequential basis. Revenues came in at $575 million, down 17% year over year, owing to generous discounts amid the competitive EV landscape. PSNY incurred an operating loss of $242.3 million for the three months ended June 30, narrower than $273.6 million incurred in the year-ago quarter. Nonetheless, the loss unde ...

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%. Since going public in June 2022, shares have gone straight down, losing 91% of their value. The NASDAQ issued a warning that it may delist the shares if they don't turn things around soon. It needs to hold its stock price above $1 for at least 10 business days before Jan. 2, 2025, to prevent this possibility. Get PSNY ale ...

Can a new CEO and new cars change Polestar's fortunes? Polestar Automotive (PSNY 13.76%) stock zoomed today and was up 17% as of 12:20 p.m. ET after clocking 21.1% gains in the early hours of trading today. The Swedish electric vehicle (EV) maker reported a sharp sequential jump in its deliveries for the second quarter, a day after CEO Thomas Ingenlath abruptly resigned. The two updates were enough to trigger a buying frenzy in the EV stock that's lost more than 70% value in one year alone. Polestar gets a ...