Polestar targets profitability in 2025; Polestar 7 will be a premium compact SUV from Europe
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Polestar (Nasdaq: PSNY) has announced an updated strategy aiming for profitability by 2025, with plans for a new premium compact SUV, the Polestar 7, from Europe. The company targets a 30-35% annual sales growth from 2025 to 2027 and expects positive adjusted EBITDA by 2025.
January 16, 2025 | 12:15 pm
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Polestar aims for profitability by 2025 with a new strategy, including launching the Polestar 7 SUV. The company targets 30-35% annual sales growth and positive adjusted EBITDA by 2025.
Polestar's announcement of a new strategy with a focus on profitability and growth is likely to positively impact its stock price. The introduction of the Polestar 7 and targeted sales growth indicate strong future prospects.
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