PSNY Stock Falls as Polestar Misses 2023 Delivery Target

Shares of Polestar (NASDAQ:PSNY) are down by about 8% after the Swedish electric vehicle (EV) company reported weaker than expected 2023 deliveries.During the fourth quarter, Polestar delivered 12,800 vehicles, bringing its full-year 2023 deliveries to 54,600 vehicles, up by 6% year-over-year. Fourth-quarter deliveries fell by 8.4% compared to third-quarter deliveries of 13,976 vehicles.During its third-quarter earnings, the EV company guided for 2023 deliveries of 60,000 vehicles. Therefore, it fell short ...