Polestar: It Keeps Getting Worse

Industry Overview - The electric vehicle (EV) startup sector has faced significant challenges over the past few years, with many companies experiencing substantial stock price declines due to large losses, high cash burn rates, and operational difficulties [1] Market Performance - Shareholders in the EV startup space have seen poor returns, as the stocks of many companies in this sector have plunged [1] Financial Health - Many EV startups are struggling with financial sustainability, as evidenced by their large losses and high cash burn rates [1] Operational Challenges - The inability to achieve operational efficiency and scale has been a major issue for several EV startups, contributing to their poor performance [1]