Investing.com UK - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Polestar Automotive Holding Uk Plc A (PSNY)

NASDAQ
Currency in USD
Disclaimer
1.390
-0.011(-0.75%)
Real-time Data

PSNY Price Commentary

Polestar has published its Sustainability Report for 2023. The Swedish car brand continues to make significant progress on its climate targets, achieving a reduction of 9% in relative greenhouse gas emissions per sold car in 2023. This equates to a reduction of 3.4 tCO2e compared to 2022, achieved by focusing on three main areas: using carefully chosen materials with lower climate impact, renewable electricity in car and battery production, and energy efficiency in the use phase. The achievements in 2023 and future ambitions illustrate that decoupling growth from increased emissions is possible. “Our vision is clear – we want to accelerate the EV transition while bringing in more sustainable and innovative solutions to improve electric cars. We need to acknowledge that our industry still has a huge potential for improvement in disclosing concrete plans for achieving its climate pledges,” says Polestars’ Head of Sustainability, Fredrika Klarén.
Q3 2023 Polestar news. release of new Polestar 3 and 4 through 2024/5 will increase manufacturing output to 160k vehicles pa by 2025. FY24 will have a slight slowdown, hence the $1.3b cash injection, which is needed in order to meet gross margin break even point scheduled for FY25. Concentrating for greater customer focused on the models that will be available during Q4 onwards. Polestar 2 volumes sales lower than originally forecast. Polestar 3 & 4 brought forward in production in order to promote models in FY24 & FY25, which management believe they will achieve their forecast volumes. Management are confident they will become profitable in FY25. Somewhat good news at the end of the rainbow it seems. Interesting times ahead for PSNY Stock. It looks like Q4 2024 results are one to watch out for moving with this stock?
There’s no enough news about this stock
Why this stock is going down?
Polestar 02 looks beautiful
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.