Polestar: Cash Is Not King (NASDAQ:PSNY)

Trygve Finkelsen/iStock Editorial via Getty Images Polestar (NASDAQ:PSNY), the producer of great-looking, premium electric vehicles and a spin-off from Volvo Cars (OTCPK:VOLAF), is facing intensifying competition and poor unit economics, and investors looking to invest in a potential turnaround by the company, should first read this article. History with Volvo Volvo Cars is a leading…

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Polestar Q2 Earnings: A Buy-The-Dip Opportunity (Rating Upgrade) (NASDAQ:PSNY)

Dimitrios Kambouris Volvo-owned electric vehicle start-up Polestar (NASDAQ:PSNY) reported results for the second fiscal quarter on Thursday that missed revenue expectations. Despite Polestar seeing continued momentum in deliveries and revenues in Q2’23, the EV company’s shares declined 13% after earnings submission. Considering that Polestar continues to expect to deliver 60,000 to 70,000 electric vehicles to…

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