The Polestar 3 and Volvo EX90 are both delayed until 2024
Polestar said in its latest earnings report that it delivered 12,076 cars in the first three months of 2023, an increase of 26 percent from a year earlier. More than 100,000 of the brand's cars are now out in the wild.rose to $546 million, up from $452.2 million a year earlier, while the net loss for the quarter was $9 million, compared with $274.5 million in Q1 2022.
There's enough cash in the kitty for Polestar to make it through this year, the company previously said. It received a $1.6 billion injection from Volvo and fellow major shareholder PSD Investment. Polestar had $884.3 million cash on hand as of March 31st, though it expects to need more funding over the next few years.
Other nascent EV players have also been struggling to manage their expenses. Last month, Lucid said it would
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