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GOTHENBURG - Swedish electric performance car manufacturer Polestar (NASDAQ:PSNY), currently valued at $2.3 billion, delivered an estimated 18,049 vehicles in the second quarter of 2025, representing a 38% increase compared to the same period last year, according to a company press release. InvestingPro data shows analysts expect a robust 55% revenue growth for fiscal year 2025.
For the first half of 2025, Polestar’s retail sales volumes reached approximately 30,319 cars, marking a 51% growth compared to the first six months of 2024.
"We’ve delivered another strong quarter of growth, in increasingly challenging market and geopolitical conditions," said Michael Lohscheller, Polestar CEO. "Volume growth of 38% in the second quarter and 51% in the first half of the year is a clear sign that our retail expansion is delivering and that more customers are choosing Polestar." However, InvestingPro analysis reveals significant financial challenges, including weak gross margins and rapid cash burn. Get access to 10+ additional crucial ProTips about Polestar’s financial health with InvestingPro.
The company currently sells three models: Polestar 2, Polestar 3, and Polestar 4. Additional planned vehicles include the Polestar 5 four-door GT expected in 2025, along with the Polestar 6 roadster and Polestar 7 compact SUV in development. Based on InvestingPro’s Fair Value analysis, Polestar’s stock currently appears undervalued despite its high volatility (Beta: 1.94). Discover comprehensive insights in the Pro Research Report, available exclusively to InvestingPro subscribers.
Polestar currently manufactures vehicles in North America and Asia, with plans to expand production to Europe for the upcoming Polestar 7 model.
The Swedish automaker operates in 27 markets globally across North America, Europe, and Asia Pacific. The company maintains sustainability commitments that include goals to halve greenhouse gas emissions per vehicle sold by 2030 and achieve climate neutrality across its value chain by 2040.
In other recent news, Polestar Automotive Holding has been active with several notable developments. The company reported a significant 83% increase in U.S. vehicle deliveries in June, driven by the new Polestar 3 SUV, according to data from Motor Intelligence. Additionally, Polestar has secured a $200 million equity investment from PSD Investment Limited, a major stakeholder, which will be used for working capital and general corporate purposes. This transaction involves the sale of approximately 190.5 million Class A American Depositary Shares at $1.05 per share.
Cantor Fitzgerald has maintained its Neutral rating on Polestar, reiterating its stance after these announcements. Furthermore, Polestar has started U.S. sales of the 2026 Polestar 4, with production set to begin in Busan, South Korea, and first deliveries expected in Fall 2025. The company also announced changes to its Board of Directors, with several members resigning or not seeking re-election, and new nominations being proposed. These developments follow Polestar’s expansion into its 28th global market, France, and underline its strategy for growth and sustainability in the electric vehicle sector.
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