Polestar Delivers 13,150 Cars In Q2, Up 82% Q/Q; Says It Remains Confident Of Stronger H2 Of The Year, Particularly In Q4 As Sales Of The Two Premium SUVs Build
Portfolio Pulse from Benzinga Newsdesk
Polestar reported a significant increase in car deliveries in Q2 2024, with a rise of 82% quarter-over-quarter, totaling 13,150 cars. The company is optimistic about a stronger second half of the year, especially in Q4, driven by sales of two premium SUVs. Polestar's cash and cash equivalents stood at $669 million as of June 30, 2024.
August 29, 2024 | 11:14 am
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Polestar's Q2 2024 deliveries increased by 82% QoQ, reaching 13,150 cars. The company expects stronger performance in H2, particularly in Q4, due to premium SUV sales. Cash reserves are at $669 million.
The significant increase in deliveries and positive outlook for H2, especially Q4, suggest potential revenue growth, positively impacting stock prices. Strong cash reserves further support financial stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100