Polestar falls after EV maker cuts full-year delivery forecast

Polestar Automotive Holding Uk

03/09/2026 12:26

** Shares of electric-vehicle maker Polestar PSNY.O fall 5.7% to $11.32 in volatile premarket trading
** PSNY cuts full-year delivery forecast, hurt by Washington's crackdown on Chinese-linked vehicles that forced it out of the U.S.
** The Swedish company expects annual volume growth to be in low-to-mid single digit, vs its previous forecast of low double-digit growth
** Q2 net loss narrows to $459 million as company recorded $724 million impairment in the year-ago period
** Reports Q2 revenue of $727 million, an 8% decline from a year earlier
** Up to last close, PSNY down ~44% this year

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))