Posted 8/31/2023, 11:57:10 AM

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.

cnbc.com

Relevant topic timeline:

8/31/2023

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.

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.

9/10/2023

Tesla Developing $25,000 Electric Car with New Batteries Enabling Lower Cost and Higher Range

Tesla is set to release a new $25,000 electric car, potentially revolutionizing the world of EVs with its affordable price and expected range of 250-300 miles on a single charge.