Why Polestar is not 'running after Tesla'

Polestar has seen only losses since its Nasdaq listing last year. The company's net loss for the second quarter was $304.1 million, but it still expects to finish the year with a gross margin of 4 percent. CEO Thomas Ingenlath is keeping his eyes fixed on the company's 2025 goals, which are a 9 percent profit margin and global sales of 290,000. He outlined how Polestar will get there in an interview with Automotive News Europe Managing Editor Douglas A. Bolduc.