From Nasdaq.: 2024-09-14 11:25:00

Polestar Automotive (NASDAQ: PSNY) disappoints investors since market debut, stock trading at $1.60 from $12.98 in June 2022. Producing EVs like Polestar 2, 3, and 4, aims to deliver 155k vehicles in 2025. Revenue expected to reach $9.9 billion by 2026, with stock trading below 2x sales. However, stock facing challenges with accounting issues, management changes, and significant net loss. Analysts skeptical about Polestar’s stock bouncing back in three years due to recent performance and uncertain future outlook. Investors advised to consider other stocks with greater potential for growth.



Read more at Nasdaq.: Where Will Polestar Automotive Stock Be in 3 Years?