Polestar (PSNY) Reports FY23 Results, Revenues Down 3% Y/Y

Polestar Automotive Holding UK PLC (PSNY) , a Sweden-based EV maker, has released its preliminary unaudited financial and operational results for 2023. Revenues decreased 3% to $2.38 billion from $2.45 billion in 2022, mainly due to increased discounts and lesser carbon credit sales. The net loss increased to $1.17 billion in 2023 from $481.5 million reported in the previous year. Per Ansgar, CFO of Polestar, with the preliminary 2023 results published, the company and its auditors are finalizing the proces ...