Polestar (PSNY) earnings Q2 2023


The Polestar 3 SUV, originally expected late this year, has been pushed into early 2024 because of delays with its Volvo-developed software.

Courtesy: Polestar

Swedish electric vehicle maker Polestar on Thursday reiterated that it still expects to deliver at least 60,000 EVs in 2023, with a positive gross margin – and confirmed that its next two new models are still on track to go into production as expected.

The news came as part of Polestar’s second-quarter earnings report. The company’s shares were down 9% in early trading following the news. Polestar’s stock has fallen almost 35% this year.

The company’s net loss for the period was $304.1 million, or 14 cents per share. On an adjusted…

Source cnbc.com

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