Polestar $PSNY expects positive Q4 margin, to conduct strategic review; shares down https://t.co/utOsAu0NMB https://t.co/mksnPOZsdD
Polestar (PSNY) is done with show and tell, needs to start 'actively selling cars' https://t.co/ORhtiIjd83 by @EVPeteJohnson
Polestar's new CEO launches a review of the struggling #Swedish electric-car maker’s operations and strategy, after weaker-than-expected deliveries for the third quarter https://t.co/DV12SyKLo7 by @rafaelalindeber



Polestar Automotive, the Swedish electric vehicle manufacturer, is facing challenges as it reports weaker-than-expected deliveries for the third quarter of 2024. In response, the company's new CEO has initiated a review of its operations and strategy. Despite these difficulties, Polestar anticipates a positive gross margin for the fourth quarter, indicating some optimism regarding future performance. The company is set to announce its global volumes for the third quarter and provide a business and strategy update on January 16, 2025. Following the announcement of the strategic review, Polestar's stock experienced a decline of 4.7% in pre-market trading.