Overheated EV market evaporates 95% of Polestar's shareholder value

Polestar 3 (POLESTAR)

Urvaksh Karkaria

May 30, 2024 01:08 PM

The writing was on the wall even as the electric vehicle startup Polestar went public with a $21 billion valuation nearly two years ago.

Featured Stories

U.S. reaches trade framework with China on rare earths that will ease threats for auto industry

China's restrictions on rare earths and related magnets are a major threat to vehicle production, automakers and suppliers say.

U.S. reaches trade framework with China on rare earths that will ease threats for auto industry

Trump says China will ship rare earths in ‘done’ trade deal

Trump says China will ship rare earths in ‘done’ trade deal

Dealership buy-sell database updates: 3 top 150 dealership groups are buyers in latest tracked deals

Dealership buy-sell database updates: 3 top 150 dealership groups are buyers in latest tracked deals

Stalled AESC battery factory threatens BMW’s U.S. EV production plans

Urvaksh Karkaria

Stalled AESC battery factory threatens BMW’s U.S. EV production plans

Latest News

American Axle & Manufacturing announces agreement with Scout Motors

Trump says China will ship rare earths in ‘done’ trade deal

Automotive industry is most vulnerable to distress, survey finds

Ford market share rises nearly 2 points amid employee pricing discounts

Staying current is easy with newsletters delivered straight to your inbox.

See More in Automakers

U.S. reaches trade framework with China on rare earths that will ease threats for auto industry

BYD unleashes an EV industry reckoning that alarms Beijing

U.S. auto suppliers say immediate action needed on China rare-earth restrictions

Honda Canada certifies used vehicles up to 10 model years old amid affordability challenge

Staying current is easy with newsletters delivered straight to your inbox.