Polestar

Polestar stock surges after reporting first-ever profit as a public company

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In something of a change this earnings season, an electric carmaker (other than Tesla) actually reported a profit for the quarter. Polestar (PSNY), the Swedish-based company backed by Volvo and China’s Geely, reported its first gross profit as a public company since completing its SPAC merger earlier this year. For the quarter, Polestar reported: Though … Read more

Tesla Challenger Polestar Looking to Deliver on Big Plans

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Back in July, electric vehicle maker Polestar  (PSNY)  made a bold promise. The Gothenburg, Sweden-based company reported that it delivered 21,200 cars during the first six months of 2022, more than double the year-earlier figure. Delivering the Goods The automaker also said it delivered vehicles to Hertz  (HTZZ)  through a $3 billion deal under which the … Read more