Polestar Q3 Sales Rise 1% to 14,371 Units Despite US Ban Looming
PSNY is trading near its 52-week low of $5.45 (10% above the low).
Summary
Polestar reported Q3 retail sales of 14,371 units, up 1% year-over-year, but excluding the US, sales fell 8%. The company faces a US ban on new model sales starting in 2027 and has already cut full-year guidance. The Polestar 5 began deliveries this summer, and a new Polestar 4 variant will ship in Q4. Q3 results are due November 5. Polestar reports record nine-month retail sales.
At the time of this announcement, PSNY was trading at $6.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $921.3M. The 52-week trading range was $5.45 to $29.10. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.