PSNY - Beaten Down Electric Car Stock Polestar Misses Mark in Q2 Despite Record Vehicle Deliveries; Eyes 2023 Production Boost | Benzinga
Polestar Automotive Holding UK PLC (NASDAQ: PSNY) reported second-quarter FY23 sales growth of 16% year-on-year, to $685.2 million, missing the consensus of $756.2 million.
Adjusted EPS loss of $(0.16) missed the consensus loss of $(0.12).
The electric car brand delivered 15,765 vehicles during Q2, a growth of 36% Y/Y.
The gross loss was $(0.8) million versus $60.7 million a year ago. The margin ...