Polestar expects delayed profitability as demand weakens
- Polestar expects to achieve positive free cash flow after investments in 2027, later than its previous forecast of the end of 2025.
- The company anticipates a mid-teens percentage decline in revenue for 2024, down from its earlier expectation of flat revenue.
- Polestar plans to expand sales into France this year, while delaying entry into more countries until 2026 and later.
- The automaker must redo financial statements due to accounting errors, affecting its revenue targets and financial reporting.
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Total News Sources0
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
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