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TeslaTheStreet
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77% Informative
Geely-owned Polestar (PSNY) is a small blip in the EV radar, making up just 0.7% of the U.S. EV market share in the same quarter .
The automaker revealed that it delivered 11,900 cars worldwide in Q3 2024 and 32,300 units year-to-end September , a 15% drop from last year's numbers.
The company also expects 2024 revenue to be similar to 2023 and reaffirmed its goal of achieving break-even cash flow by end of next year.
Polestar, which is listed on the NASDAQ as PSNY , is down 6.21% today , trading at $ 1.36 per share at the time of writing. Related: Veteran fund manager sees world of pain coming for stocks.
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