POLESTAR AUTOMOTIVE-CL A ADS (PSNY) Stock News
NASDAQ:PSNY - Nasdaq - US7311052010 - ADR - Currency: USD
PSNY Latest News, Press Relases and Analysis
Polestar’s quarterly EV sales jump as strength in Europe offsets U.S. struggles
Polestar's Europe sales have been bolstered by offers and discounts, while demand in other markets has been hit by high interest rates, inflation and more affordable electric rivals.
Mentions: TSLA
Polestar's quarterly EV sales jump as strength in Europe offsets US struggles
(Reuters) -Polestar reported a surge in second-quarter sales on Thursday, bolstered by strong demand for its electric vehicles in its home market of Europe, even as it faces challenges in markets such as the U.S. Demand for Polestar's EVs has remained resilient in Europe due to offers and discounts, while several other markets have been weighed by high interest rates, inflation and availability of more affordable hybrid or gas-powered options. The Sweden-based company sold an estimated 18,049 vehicles in the second quarter, it said, a rise of 38% from the same quarter last year.Europe accounts for 76% of the company's total sales, CEO Michael Lohscheller told Reuters, adding that Polestar remains "laser focused" on the continent.
Mentions: TSLA
Explainer-Auto winners and losers of proposed EU-US export mechanism
The discussion is part of the European Commission's efforts to broker a trade deal with U.S. President Donald Trump and would replace the hefty 25% tariff on car and car part imports the U.S. administration implemented in April. This would be a clear positive for those carmakers with major U.S. production facilities, who would be able to use their U.S. production to lower their exposure to tariffs. According to data from European auto association ACEA, nearly 758,000 cars worth 38.9 billion euros ($45.55 billion) were exported to the U.S. from Europe in 2024, more than four times as many as in the other direction.
Geely brand to enter the UK in Q4
The battery-powered EX5 first model to go on sale in the UK.
Mentions: 0175
Polestar to make new SUV in Europe from 2028
STOCKHOLM (Reuters) -Polestar said on Thursday it would make its Polestar 7 SUV model at a Volvo Cars factory in Slovakia, as the EV maker shifts more production from China and tries to cut its exposure to heavy European and U.S. tariffs. Polestar said the two Swedish companies, both controlled by China's Geely and its owner Li Shufu, had signed a memorandum of understanding and the new model would launch in 2028. "Polestar is taking the next step in diversifying its contract manufacturing footprint by expanding it to Europe," the company said.
Mentions: 0175
European production of Polestar 7 confirmed in Kosice, Slovakia
Polestar (PSNY) Drops on Lack of Positive Catalyst
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is one of the 10 Stocks Crash Hard on a Roaring Monday. Polestar Automotive fell by 3.6 percent on Monday to close at $1.07 apiece amid the lack of fresh catalyst to boost investing appetite. In recent news, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) announced plans to raise $200 million in […]
Mentions: VZ
EV maker Polestar secures $200M equity investment
The funding comes from existing investor PSD Investment, which is controlled by the founder and chairman of Geely Holding Group.
Polestar announces USD 200 million equity investment
Polestar Sets Date for AGM and Announces Board Changes
Why Polestar Automotive Holding (PSNY) Skyrocketed On Wednesday
We recently published a list of These 10 Firms Blowing Up by Double Digits Today. In this article, we are going to take a look at where Polestar Automotive Holding UK PLC (NASDAQ:PSNY) stands against other firms blowing up by double digits today. Ten individual stocks soared by double digits on Wednesday, outperforming a lackluster performance […]
Wolfspeed, Inc. (WOLF): A Bull Case Theory
We came across a bullish thesis on Wolfspeed, Inc. (WOLF) on Substack by LongYield. In this article, we will summarize the bulls’ thesis on WOLF. Wolfspeed, Inc. (WOLF)’s share was trading at $3.34 as of May 12th. Wolfspeed, Inc. is undergoing a critical transitional phase marked by both operational transformation and financial restructuring as it positions itself […]
Polestar Powers Forward: Margin Turns Positive, Losses Shrink in Q1
Polestar Automotive shares are trading lower on Monday despite the company reporting a first-quarter revenue jump.
Mentions: HAIL
Polestar Trims Losses on Cost Cuts, Sales of High-Margin Models
Polestar Automotive Holding’s losses narrowed in the first quarter as the electric-vehicle maker sold more of its newer models and cut costs.
Polestar Sets the Date for Q1 2025 Select Results
Polestar provides updates on financial guidance for 2025 and 2024 20-F
Polestar Automotive Holding UK (PSNY): Among EV Penny Stock From $10 to Under $1
We recently published a list of EV Penny Stocks List: From $10 to Under $1. In this article, we are going to take a look at where Polestar Automotive Holding UK PLC (NASDAQ:PSNY) stands against other stocks in EV penny list: from $10 to under $1. The global electric vehicle (EV) market is on a […]
Prediction: 1 Stock That Will Be Worth More Than Lucid 2 Years From Now
Polestar could have a brighter future than the struggling EV underdog.
Polestar Annual Sustainability Report announces a 25% cut in emissions per sold car
Polestar Q1 retail sales grew by 76% compared to the same quarter last year
3 Top EV Stocks to Buy in April
Rivian, Nio, and Polestar could thrive as Tesla tumbles.
3 Top EV Stocks to Buy in April
Rivian, Nio, and Polestar could thrive as Tesla tumbles.
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Polestar Automotive
PSNY Deadline: PSNY Investors Have Opportunity to Lead Polestar Automotive Holding UK PLC Securities Fraud Lawsuit Filed by The Rosen Law Firm
/PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Polestar Automotive Holding UK PLC (NASDAQ: PSNY)...
