Feedback

Bug Report
Feature Request

Twitter page

Topics

AI 🤖Business 💼Cryptocurrency 💰Economy 🏛️Politics 🥸Stock Markets 🤑Technology 🛠️

Posted 8/31/2023, 11:47:00 AM

EV Start-Up Polestar’s Earnings, Sales Fall Short. Why the Market Is Shrugging.

Electric-vehicle start-up Polestar's second-quarter sales and earnings fell short of Wall Street estimates, but the market is not reacting strongly because future guidance is perceived as more important.

barrons.com

Relevant topic timeline:

8/27/2023

Experts are witnessing a strange new phenomenon in the demand for electric cars: ‘We call it the ‘Field of Dreams’ moment’

Huge price reductions and increased availability are driving growth in the electric vehicle market, which saw record sales in 2023, as major manufacturers like Tesla, Ford, and General Motors lower their prices and pass on cost savings from raw materials to consumers.

8/31/2023

Polestar second-quarter loss widens as it ramps up EV deliveries

Swedish electric vehicle maker Polestar expects to deliver at least 60,000 EVs in 2023 and confirms that its next two new models, Polestar 4 and Polestar 3, are still on track for production despite a net loss of $304.1 million in the second quarter and delays with the software for the Polestar 3 pushing its release to early 2024.

8/31/2023

Polestar (PSNY) losses grow in Q2 amid record deliveries, two new EVs near production

Swedish performance EV maker Polestar reported widening losses in Q2 2023 despite hitting record deliveries, but remains optimistic as it enters a growth phase with two highly anticipated EV models scheduled for production.

9/18/2023

Tesla Makes More Price Cuts to EVs, Hurting Margins But Aiming for More Demand

Tesla's series of price cuts could continue into next year, negatively impacting its margins and putting pressure on the electric-vehicle industry.

Home
Stock Markets 🤑