Electric vehicle (EV) manufacturers are having a rough outing lately and upstart Polestar (NASDAQ:PSNY) is proving no different. PSNY stock is slipping on Friday after the underlying company announced a headcount reduction. Fundamentally, the Polestar layoffs reflect the steep market and economic obstacles facing pure-play EV makers right now.According to Seeking Alpha, Polestar plans to cut around 450 jobs globally or about 15% of its total workforce. The company cited difficult market conditions as a main ...

Shares of Polestar (NASDAQ:PSNY) are down by about 8% after the Swedish electric vehicle (EV) company reported weaker than expected 2023 deliveries.During the fourth quarter, Polestar delivered 12,800 vehicles, bringing its full-year 2023 deliveries to 54,600 vehicles, up by 6% year-over-year. Fourth-quarter deliveries fell by 8.4% compared to third-quarter deliveries of 13,976 vehicles.During its third-quarter earnings, the EV company guided for 2023 deliveries of 60,000 vehicles. Therefore, it fell short ...

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces appointments to its Board of Directors and Management Team. Winfried Vahland has been appointed to the Board as a new director. Winfried was previously CEO and President of Volkswagen Group China, Chairman of the Executive Board of Skoda Auto and a Member of the Board of Volvo Cars. He is currently Member of the Supervisory Board of Proton Holdings. Håkan Samuelsson ...

Exhibit 99.2 The Polestar Group Unaudited Condensed Consolidated Financial Statements as of September 30, 2023 and for the Three and Nine months ended September 30, 2023 and 2022 1 INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | Unaudited Condensed Consolidated Statement of Income (Loss) and Comprehensive Income (Loss) for the Three and Nine months ended | Page | | --- | --- | | September 30, 2023 and 2022 | 3 | | Unaudited Condensed Consolidated Statement of Financial Position as of Septem ...

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Q3 2023 Earnings Conference Call November 8, 2023 5:00 PM ET Company Participants Bojana Flint - Head Investor Relations; Polestar Automotive Holding UK PLC Johan L. Malmqvist - Chief Financial Officer; Polestar Automotive Holding UK PLC Thomas Ingenlath - Chief Executive Officer & Director; Polestar Automotive Holding UK PLC Conference Call Participants Andres Sheppard - Cantor Fitzgerald Alexander Potter - Piper Sandler Dan Levy - Barclays Tobias Beith - Re ...

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Q2 2023 Earnings Conference Call August 31, 2023 8:00 AM ET Company Participants Bojana Flint - Head of Investor Relations Thomas Ingenlath - Chief Executive Officer Johan Malmqvist - Chief Financial Officer Conference Call Participants Alexander Potter - Piper Sandler Steven Fox - Fox Advisors Andres Sheppard - Cantor Fitzgerald Tobias Beith - Redburn Erik Golrang - SEB Dan Levy - Barclays Operator Good day and thank you for standing by. Welcome to the Poles ...

And I mentioned a bit about differences in reasons in beginning. Obviously, there are effects in the beginning of this year in Nordic countries where you see, people that knowing that the incentives in the beginning would not be in place anymore, obviously push their sales in December 2022, which of course helped us in '22 December a lot. But for that reason, of course, the first quarter was weaker there and for normalization, we expect this to become to normalize in the Nordic countries. Winnie Dong Winnie ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF ...

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Q4 2022 Results Conference Call March 2, 2023 8:00 AM ET Company Participants Bojana Flint - Head of IR Thomas Ingenlath - CEO Johan Malmqvist - CFO Conference Call Participants Winnie Dong - Deutsche Bank Charles Coldicott - Redburn Dan Levy - Barclays Operator Good day, and thank you for standing by. Welcome to the Polestar Fourth Quarter and Full Year 2022 Results Conference Call. [Operator Instructions] Please be advised that today's conference is being r ...

Exhibit 99.3 The Polestar Group Unaudited Condensed Consolidated Financial Statements as of September 30, 2022 and for the Three and Nine Months Ended September 30, 2022 and 2021 1 The Polestar Group Index to unaudited Condensed Consolidated Financial Statements (in thousands of U.S. dollars except per share data and unless otherwise stated) INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | Consolidated Statement of Income (Loss) | | For the three months ended | | For the nine months ended Se ...