Polestar Automotive (PSNY)
August 31, 2023
Polestar (PSNY; $3.33; O/P) announced full Q2 results this morning that were generally around our expectations outside of some noticeable gross margin disappointment. At the same time, the company shipped 15,765 vehicles during Q2, which…
July 10, 2023
We are raising our Q2E and full 2023E sales for Polestar (PSNY; $4.49; O/P) after the company disclosed last week that its Q2 vehicle deliveries were approximately 15,800 (+36% YoY), which was well ahead of…
June 22, 2023
On Tuesday (6/20), we hosted a “fireside chat” at our Transportation Technology Conference with Polestar’s (PSNY; $3.61; O/P) Chief Technology Officer Jörg Brandscheid, who was joined by Bojana Flint, Head of IR. The conversation highlighted…
June 14, 2023
We are adjusting our model for Polestar (PSNY; $3.81; O/P) to better incorporate our expectations around vehicle model mix, which as we have previously highlighted, can be worth ~800bps towards longer term gross margin targets…
May 12, 2023
Polestar Automotive (PSNY; $3.34; O/P) lowered its full 2023E vehicle deliveries outlook from ~80K (+55% YoY) to 60-70K (+16-36% YoY) with the release of its Q1 results, which also included a range of other “puts…
April 12, 2023
We initiate on the shares of electric vehicle maker Polestar Automotive (PSNY; $3.84) with an Outperform rating and price target of $7. The stock has now declined 68% over the past year to a valuation…