Polestar Automotive Holding UK PLC
Consumer Cyclical
PSNY:
Research
Archived by Alpha (02/02/2024)
- 1.00 -46.02% on 21/05/2024
Polestar produces electrical cars with nice esthetic design, but lacks behind in its sales. The company only delivered 54.600 cars in 2023 from the initial target of 80.000 cars. Due to the lack of revenue the company requires additional funding in 2024.
Given the uncertainty around Polestar the company is no longer a potential investment.