Polestar Automotive Holding UK PLC

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) reports retail sales of estimated 14,371 cars in the third quarter and estimated 44,790 cars in the first nine months of 2026, both up around 1% year-on-year. Michael Lohscheller, Polestar CEO, says: “We delivered our best third quarter despite increasingly challenging market conditions. The start of Polestar 5 customer deliveries marks an important milestone for the company, while the new Polestar 4 SUV broadens our product portfolio.

Shares of Polestar Automotive Holding UK PLC (NASDAQ: PSNY - Get Free Report) reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $6.25 and last traded at $6.1710, with a volume of 26720 shares changing hands. The stock had previously closed at $6.54. Analyst Ratings Changes Several analysts recently

Polestar reported Q2 earnings that missed on revenues amid continual delivery challenges. Polestar also lowered its production guidance for FY 2026, seeing only as much as 5% Y/Y growth. PSNY's Q2'26 deliveries dropped 4% in the second-quarter, leading to a revenue decline on a year-over-year basis of 8.1%. The EV firm continued to see negative gross margins in its core EV manufacturing business as well as elevated free cash flow.

Polestar reported Q2 results with declining delivery volumes, 8% lower revenues, and continued large losses. PSNY faces ongoing cash burn, negative working capital exceeding $4.7 billion, and a weak balance sheet despite support from Geely and Volvo. A US sales ban from and tough competition have driven management to cut sales expectations and contributed to a bleak outlook.