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Summary EV company Polestar beat its delivery target for FY 2022. Polestar’s delivery guidance for FY 2023 is very strong and the company is ahead of its US rivals regarding production volume. Polestar has a high valuation based off of revenues, but the firm can grow into thi...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips In a bull market, the rally in stocks is broad-based. Even fundamentally weaker stocks trend higher in sync with market sentiments. However, when there are multiple macroeconomic headwinds, it’s unlikely that the bull ma...
Summary Polestar delivered 21,000 vehicles in the fourth quarter, more than doubling volumes from the third quarter. Full-year deliveries totaled 51,500 vehicles, beating its revised guidance of 50,000 vehicles. The company has guided full-year 2023 deliveries of 80,000 vehicles, a y/y ...
Summary Company beats reduced 2022 delivery forecast. Initial 2023 guidance well below previous expectations. Management needs to update on future model progress. On Monday, electric vehicle maker Polestar ( PSNY ) announced its preliminary delivery estimate for Q4...
Summary Polestar recently announced Q4 deliveries of about 21,000 vehicles, beating forecasts for 50,000 units for FY22 by about 3%. Securing $1.6 billion in funding from its two major backers eases concerns that cash burn would necessitate a large capital raise in FY23. Initial pro...
Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), the Swedish electric performance car brand delivered approximately 21,000 vehicles in the fourth quarter of 2022, bringing the preliminary estimate for full year global volumes to 51,500 ca...
Summary Global electric car sales Nov. 2022 were an estimated 1million+. China sales up 50% YoY to 35% share. Europe up 26% YoY to ~28% share. US ~6% share. EV market news - By 2029, electric vehicles could account for a third of the North American market and about 26% of vehicles produ...
Summary Rivian missed its 2022 production target of 25,000 vehicles by a smidge. The miss was largely expected as we had previously highlighted that ramping up the much-needed second shift, which had only come online at the end of Q3, would be tough. But meaningful progress in impro...
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Spotting multibagger penny stocks was relatively easy in 2021. The current year has been a complete reversal, though. I believe that 2023 will be a year of careful stock selection. The index might see time correction, if ...
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Polestar (Nasdaq: PSNY) is once again at Goodwood Festival of Speed showing its expanded model line-up with the new Polestar 3 and Polestar 4 electric SUVs joining the Polestar 2 centre stage. Star of the show is the Polestar Concept BST, making its global debut at the famous motoring festival. I...
Polestar (Nasdaq: PSNY) has received notice from the Nasdaq Stock Market LLC that the Company is not currently in compliance with the $1.00 minimum bid price requirement, as set forth in Nasdaq Listing Rule 5450(a)(1). This press release features multimedia. View the full release here: http...