PSNY Stock Recent News

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that in conjunction with its Annual General Meeting (AGM) to be held in London on 30 June 2025, certain changes to the Company's Board of Directors are being submitted for shareholder approval. Full details of the AGM are available on the Company's Investor Relations website: https://investors.polestar.com/corporate-governance/annual-general-meeting Karen Francis' and Zhe (David) Wei's terms are ending at the closing of this.

Polestar's Q1 results showed progress, with a 76% increase in deliveries and 84% revenue growth, but the top line missed street estimates. The balance sheet remains troubled, with $732 million in cash against $4.8 billion in debt, most likely necessitating a large equity infusion. Valuation is heavily pressured, trading at 0.56 times expected revenues, significantly lower than most electric vehicle peers.