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PSNY does not currently pay a dividend.
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Polestar Automotive Holding UK PLC, an enterprise established in 2017 and based in Gothenburg, Sweden, specializes in the production and global distribution of upscale electric automobiles.
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.
Polestar's losses are slimming but its sales remain stagnant. Competition in electric cars remains fierce.
Polestar stock sank after the EV maker cut its volume-growth outlook as U.S. restrictions and weak EV demand add to its problems.
Polestar Automotive Holding UK PLC (PSNY) Q2 2026 Earnings Call Transcript
Polestar Automotive Holding UK NASDAQ: PSNY reported record first-half retail sales as it expanded its retailer-led sales model and increased contributions from its Polestar 4 model, though the electric-vehicle maker lowered its full-year volume outlook amid pricing pressure, regulatory challenges in the U.S. and broader market competition.