Why Polestar Automotive Stock Keeps Falling
Polestar(PSNY) The Motley Fool·2024-04-15 16:59Polestar has high hopes -- but investors are starting to lose hope.Shares of Polestar Automotive (PSNY -10.65%) fell 14.4% through 10:40 a.m. ET on Monday, the stock's third straight day of declines since reporting exceptionally weak car deliveries for the first quarter. Last Thursday, Polestar said that it delivered only 7,200 electric vehicles (EVs) in the quarter. Not a good numberA year before, the company delivered 12,076 EVs, meaning that 7,200 figure was a 40% decline in deliveries for the Sweden-bas ...