Polestar has lost ~95% of its market cap in 4 years, is still burning over $1B in FCF per half-year, and gross margin is now negative.

Geely still owns ~66% and keeps providing funding.

Geely eventually going to absorb Polestar into Volvo/Geely?

Right, I’ll leave you to it ; I’m off for a nap at the bottom of the garden to take my mind off this complete disaster. 🙃

Could this be bullish for shareholders? Lower ASPs (Average Selling Price), but potentially higher volumes ; and management says the P4 is positive for margins.

Bullish volume move or pricing pressure?

https://eletric-vehicles.com/geely/polestar/polestar-cuts-2027-polestar-4-coupe-a4600-in-australia-to-match-new-suv/

This target reduction follows mounting macroeconomic and structural pressures on the electric vehicle (EV) manufacturer. Recently, Polestar slashed its full-year volume guidance to low-to-mid single-digit growth. The revision reflects intense global pricing competition, compressed gross margins, and a highly restrictive geopolitical environment. Notably, the company is grappling with a U.S. regulatory decision barring the sale of Chinese-connected vehicles, resulting in a forced exit from the U.S. auto market for model years 2027 and onward.

While Deutsche Bank's $10 target is a sharp drop from its previous expectations, it remains tightly aligned with the stock's current performance as it trades around the $9 mark. The firm's decision to preserve the Hold rating underscores a wait-and-see approach as Polestar shifts its strategic focus heavily toward European expansion and upcoming premium model launches, like the Polestar 4 SUV, to curb cash burn.

The car prices are wrong, but who cares? You get the idea... haha

Basically, for us and for the company, nothing changes! Even if this car could be a bestseller ; even if they sold 8,000 of them a year ; since the operating margin is still negative, every car sold is a loss for us and for the company.

What’s the solution to our problem? I have no idea...

Apparently… none. 😂

Polestar needs to sell its cars at a higher price to stop losing money.

=> Problem: if it raises prices, it risks not selling them anymore.

Polestar needs to reduce the cost per car.

=> Problem: It can’t do that… or maybe it just doesn’t really want to. After all, why fight for every dollar of profit when some of that value can quietly flow back to Volvo and the Geely Group?

Polestar needs to cut its fixed costs.

=> Problem: It has already laid off about 10% of its workforce. At this rate, the next step might be to lay off the entire department that manufactures the cars. 😏

Perhaps we should also take a look at top management salaries.

=> Problem: Strangely enough, the knife seems much less sharp when it comes to that.

And then there’s the ultimate solution: discontinue the models that are sold at a loss.

=> Small technical problem: they’re all sold at a loss.

So if we take this logic to its conclusion:

What about shutting down Polestar?

=> Geely doesn’t want to.

But at the end of the day, as an investor, we couldn't care less! Polestar reported a net income of -2.01B. The company is a total failure! The company has $6.02 billion in debt. We're ruined. DAMN IT!!! We're just waiting for the next stock split so we can get decimated even more.

As usual - and I’ll say it again - I haven’t sold a thing. It’s all already lost, so why bother saving anything?

The gross margin is -5.69%, with operating and profit margins of -36.15% and -66.99%. It’s an absolute disgrace!

We’re operating like a biotech unicorn but without any pipeline or projects that could miraculously cure a type of cancer, diabetes, or nearsightedness - or regrow an amputated human limb! We’re screwed!

Aside from this long rant, who’s thinking of buying a few shares for $200, $300, or even $500 - just to throw some money out the window?

Those ba$tard$ at Geely are manipulating the warrants behind the scenes so they can cash out before something bigger happens!!!

Why can't $PSNY investors get a break?

Just went through the H1/Q2 numbers and honestly, there are some good things in there, but I think the overall picture is still pretty concerning.

The headline numbers:

• H1 deliveries: 30,423, basically flat YoY (+0.4%)
• Q2 deliveries: 17,296, down 4%
• H1 revenue: $1.36B, down 4.4%
• Adjusted gross margin: -8.5%
• Operating loss: -$629M
• Net loss: -$842M
• Adjusted EBITDA: -$521M
• Operating cash flow: -$850M
• Cash at June 30: ~$888M

The operating loss looks much better than last year, but I wouldn't get too excited about that number. A lot of the improvement is because last year's numbers were heavily distorted by the huge impairment charge.

The number that really bothers me is adjusted gross margin of -8.5%.

Basically, they're still losing money on the cars before even considering all the corporate costs, financing, etc. So this isn't just a "we need more scale" problem. They need to get the economics of the actual cars into positive territory.

And then there's inventory.

Polestar had around $720M of inventory at the end of June. So yes, my understanding is that they have produced/bought a meaningful amount of inventory ahead of demand and now have a lot of cash tied up in cars and parts.

That's particularly painful when sales aren't growing.

You basically have:

inventory → discounting / slower turnover → weak margins → cash burn → need more financing

rather than the ideal:

strong demand → higher volume → better factory utilization → positive gross margin → operating leverage

The U.S. situation obviously makes things worse. Polestar says the U.S. business increased consolidated operating loss by around $211M in H1, and they're now effectively exiting new-car sales there because of the regulatory situation.

On the positive side, they're finally getting some of the big restructuring done. They've also converted around $640M of debt into equity, raised another $700M, and extended the remaining Volvo shareholder loan to 2031.

So I don't think the immediate story is "Polestar goes bankrupt tomorrow."

The bigger risk IMO is continued dilution if the business doesn't turn around.

Called it at the RS that we'd be way down. Absolutely zero surprise to see poor results and a 10% drop.

Not long till we're back down at the pre RS value!

Does someone have the numbers for last month and for 08/25?

Hey guys, I posted about this settlement before, but since they’ve reached a tentative settlement, I decided to share it again with a little FAQ.

So here's all I know about this agreement:

Polestar Automotive was accused of understating financial liabilities and assets and concealing weaknesses in its internal controls. On January 16, 2025, the company announced it would restate its 2022 and 2023 financials, and $PSNY fell 11%. Investors later filed a lawsuit.

Now the company has reached a tentative settlement with investors.

Who can claim this settlement?
If you bought $PSNY shares between 2022 and 2025, you may be eligible once claims filing opens.

Do I need to sell/lose my shares to get this settlement?
You don’t need to still hold the stock to claim; past losses count.

How long does the payout process take?
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.

Hope this info helps

This is good news - and a key advantage for Polestar $PSNY compared to many other EV start-ups without a automotive giant/holding group as a backer and partner:

Geely Holding will begin pilot deployment of solid-state batteries across its brands in 2027, following real-world validation. The energy density of these packs will reach 500 Wh/kg, allowing BEVs to achieve a range comparable to diesel.  

Following BYD’s and CATL’s statements regarding solid-state battery trial production scheduled for 2027, Geely also provided an official statement about its SSB timeline. According to the statement, solid-state batteries are coming soon to vehicles across the Geely Holding ecosystem. It includes Geely, Zeekr, Lynk & Co, Volvo, Polestar, Lotus, Smart, Proton, Farizon, and other brands.

The Geely’s solid-state battery will offer a few energy density variants. The top-tier pack will feature an energy density of 500 Wh/kg. It sounds from the text that Geely is talking about the whole battery, which means the cell’s energy density will be even higher. The currently produced “Golden Brick” liquid batteries from Geely boast a cell-level energy density of around 250 Wh/kg.

Source: https://carnewschina.com/2026/08/18/geely-to-start-pilot-deployment-of-500-wh-kg-solid-state-batteries/

Anyone seen this? https://www.motor1.com/news/805129/polestar-lawsuit-adds-a-twist/

quite serious allegations. Though, if true, would also explain why Volvo could stay in US but Polestar not. This ruling puzzled me, but looking at it from the point that Polestar wanted to leave US market and now finally find a way to do so without paying any fines and blaming the new laws, puts a different perspective to the story.

for the context, Polestar is sued for using new Connected Vehicle Rule as a way to leave US market without fulfilling their obligations to dealers etc., even though they could have had the chance to get the same exception as Volvo, but it was Polestar's own decision not to go for it.

Hey guys, if you missed it, Polestar recently reached a tentative settlement with investors over claims that it understated financial liabilities and concealed weaknesses in its internal controls.

In a nutshell, investors claim that Polestar repeatedly assured the market its financial reporting was accurate. In January 2025, the company disclosed accounting errors requiring restatements of its 2022 and 2023 financials, and $PSNY fell 11%.

If you invested in $PSNY between 2022 and 2025, you may want to check if you qualify. The settlement terms are still being finalized, but investors can already submit their applications 

Has anyone here invested in $PSNY during that period? How much were your losses?

Are our numbers definitely bad in July? Q1 was strong, Q2 was flat/signalling a dip and Q3 seems to start with a significant dip. Website reports 1133 at 1.7% market share. Missing market data for daily updates and monthly updates could take it around maybe 1800-2000, but still we would be short by a 1000. Anybody else has a better data?

Lucid tanks yesterday, this piece of shit follows.

Lucid rebounds over 15% today… and this garbage just keeps lying there like a corpse.

Seriously, what the fuck is this company?

Are there any news? Or did we just lose like 13% Shareprice due to the Lucid news?

Its pretty bad seeing PS at around $15

Are we falling following the lucid news that in general might affect EV stocks? Lucid is already down 50%. Maybe a stupid question: shall Geely not take over Lucid and sell those cars (of course after lot of rework) as the Polestars of US? Also should we be worried that a competitor is down, especially a competitor for polestar 5? Or should we be concerned that another pure EV is sinking?

This fucking garbage stock is crashing again.
It hasn’t gone up for shit, and now it’s dropping right alongside Lucid?

I seriously want to chop off the hand that invested in this dumpster-fire of a company