Polestar Automotive's Q2 2024 car deliveries rose 82%, but faces Nasdaq compliance issues, stock decline, and financial losses.

Polestar Automotive reported an 82% rise in car deliveries for Q2 2024, yet faces serious challenges. The company is out of compliance with Nasdaq rules due to late financial filings, and its stock has fallen below $1, down 90% from its peak. Financially, revenues decreased by 17%, and the company reported a gross loss of $2.4 million. With significant leadership changes and ongoing losses, Polestar remains a risky investment compared to established players like Tesla.

September 28, 2024
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