The company, which is Chinese-owned, now anticipates volume growth in the low-to-mid-single digits for 2026, a significant downgrade from its previous target of low-double-digit growth. This revision follows a U.S. Commerce Department decision that effectively blocked the brand from selling new vehicles in the region. Polestar confirmed it has initiated restructuring across its U.S. employee base and dealer network, noting that additional costs related to these actions are expected in future financial periods.
In section Market Quotes
Polestar Shares Slide as Market Restrictions Bite
A forced retreat from the U.S. market has cost Polestar Automotive roughly $130 million, compounding a difficult year for the electric-vehicle manufacturer. Shares tumbled 7.9% in premarket trading Thursday as the company slashed its growth forecasts, citing both regulatory pressure and increasingly volatile conditions across the global automotive sector.
Financial results for the second quarter highlight the strain, with a reported loss of $459 million. While this marks an improvement from the $1.03 billion loss recorded during the same period last year, revenue fell 8.1% to $727 million as retail sales dropped to 17,296 units. Despite the regulatory blockade, the manufacturer intends to maintain support for existing U.S. customers and continue the sale of older models. Investors have reacted sharply to the ongoing instability, pushing the stock down 44% since the beginning of the year.
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