Revenue is flowing, but Polestar still faces major challenges ahead. Here's what the company plans in the coming months.
in a matter of months. The addition of the SUV model is set to give the brand its biggest boost to date after the launch of its first electric model, which occurred in the early months of the pandemic and was thus overshadowed by industry disruptions., will have its world premiere in October, with sales slated to start in mid-2023 in the US."With this car, we bring the 'sport' back to the SUV, staying true to our performance roots," said Thomas Ingenlath, Polestar CEO.
revealed that in the first six months of 2022 it saw revenues of $1.04 billion, compared to $534.8 million in 2021, representing 95% growth year over year or a jump of $506.1 million.positive, the EV maker also noted its selling, general, and administrative expenses increased 60%, or $167.9 million during that time, which it attributed to the brand's rapid commercial expansion. Likewise, Polestar's operating loss increased by 143%, or $520.
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