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PSNY - Polestar: Cash Is Not King
April, 09 2024 04:12 PM
Polestar Automotive Holding UK Limited
2024-04-09 16:12:57 ET
Summary Polestar, a spin-off from Volvo Cars, is facing intense competition and poor unit economics. The production ramp of the Polestar 3 is expected to take at least one year to reach high volume and another year for optimization. Polestar raised $1 billion in a three-year loan, but cash alone is unlikely to change the company's downward trajectory. ...
For further details see:
Polestar: Cash Is Not King
Stock Information
Company Name:
Polestar Automotive Holding UK Limited
Stock Symbol:
PSNY
Market:
NASDAQ
Website:
polestar.com
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