Polestar Loses Power On Earnings

Electric vehicle (EV) companies remain in focus as earnings season comes to an end. Today, we’re looking at Swedish automaker Polestar, which reported weaker-than-expected results.

An adjusted loss per share of $0.15 was 25% greater than last year, while revenues rose 16.30% YoY to $685.2 million. Its second-quarter deliveries rose 36% YoY to 15,765, bringing its first half of 2023 total to 27,841 vehicles. ⚡

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