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Investing.com -- Polestar Automotive Holding UK Plc A (NASDAQ:PSNY) stock surged 5% following the company’s announcement of strong second-quarter sales growth despite challenging market conditions.
The Swedish electric vehicle manufacturer reported estimated retail sales volumes of 18,049 cars in the second quarter of 2025, representing a 38% increase compared to the same period last year. For the first half of the year, Polestar delivered approximately 30,319 vehicles, 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."
The company’s retail expansion strategy appears to be yielding positive results despite the competitive electric vehicle market and broader economic uncertainties. Polestar’s continued sales momentum comes at a time when many EV manufacturers are facing headwinds related to market saturation and changing consumer preferences.
The Swedish automaker, which trades on the Nasdaq under the ticker PSNY, has been working to strengthen its position in the premium electric vehicle segment against established competitors like Tesla (NASDAQ:TSLA) and traditional luxury automakers expanding their electric offerings.
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