Polestar Automotive Holding UK (PSNY) Stock

Polestar is a pure-play electric vehicle manufacturer on the cusp of an inflection point, according to Bank of America analysts. Polestar “offers pure-play exposure to the growing EV market, is nearing an inflection point in sales volumes, and is improving its earnings profile”, they said in a research note.

MAHWAH, N.J.--(BUSINESS WIRE)--Polestar, the Swedish premium electric performance car brand, has delivered its first U.S.-built Polestar 3 SUVs to customers in the North American market. Deliveries of Polestar 3 began around the U.S. and Canada in the past few weeks and now units manufactured in the South Carolina plant have begun as well. The SUV for the electric age plays an important role in the brand's continued development, as Polestar moves from a one- to a three-car brand with Polestar 2.

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) now offers its customers access to 17,800 Tesla Superchargers across North America, complementing its existing offer in Europe and China. Future Polestar cars in North America will adopt the NACS inlet as standard equipment and until then, Polestar owners can order a NACS adapter through their local Polestar Service Center. In addition, Polestar's in-car Google Maps will be updated to show all available NACS chargers. In Europe, Poles.

Polestar said on Monday that a proposed Biden administration rule to bar the use of Chinese vehicle hardware and software would "effectively prohibit" the automaker from selling vehicles in the United States.

Should you invest in this unloved electric vehicle maker?

The EV maker has faced numerous challenges over the past year, and a new management team will look to right the ship.

Polestar said on Friday that it expected to achieve a positive gross profit margin in the fourth quarter despite its electric vehicle deliveries falling 14% in the third quarter.

Polestar Automotive (PSNY, Financial) experienced a significant stock price decline of 5.06%. The share price fell to $1.65, with a trading volume of approximately 2.87 million shares and a turnover rate of 0.14%.

Polestar is an electric vehicle maker with a global business. The auto company started off its second quarter with a big number, a sequential delivery increase of 82%.