Polestar's losses increased in Q2

Polestar decreased growth in Q2

[{"selector":"#anim-10819a2d-c17f-4513-a38b-5dff048fa184 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(12.574313286105244%, -17.605633294101185%) scale(1.352112676056338)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Polestar hits record deliveries, but losses widen in Q2 Polestar delivered 15,765 EVs in the second quarter of the year, up 36% YOY. Image credit : Polestar

[{"selector":"#anim-f105ad6d-58b9-4654-9c97-de71790092ef [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(7.244058517305797%, -17.605633294101185%) scale(1.352112676056338)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The EV maker posted revenue of $685 million, up from $589 million last year. Image credit : Polestar

[{"selector":"#anim-99cde075-be5a-49cd-8f54-e67128d97a9d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-5.7854531397595%, -16.09416158928153%) scale(1.352112676056338)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The company launched the 2024 Polestar 2 in June, with upgrades including more range, RWD options, Image credit : Polestar

[{"selector":"#anim-f503f062-257d-4213-9ad7-5e3d65e398bd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-12.744396865692108%, -17.605633294101185%) scale(1.352112676056338)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] enhanced electric motors, and Polestar SmartZone. Image credit : Polestar

[{"selector":"#anim-b1ebbc9b-0ab8-46c4-9f99-bfcaec2f7d0c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-0.15445683853802802%, -5.544010987651766%) scale(1.205761316872428)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Polestar is entering an "exciting" growth phase with two new EV models scheduled for production. Image credit : Polestar

[{"selector":"#anim-56d8ee7e-829d-45dc-8845-433fa5620d92 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(5.479037974842434%, -3.878968545527964%) scale(1.165016501650165)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The model is scheduled to start production in November with a starting price of around $60,000. Image credit : Polestar