By Katherine Hamilton
Polestar is delaying its annual financial report and pausing financial guidance amid tariff uncertainty.
The Swedish electric-car brand said Wednesday it had filed a notice with the Securities and Exchange Commission asking for more time to work on its 2024 annual report, which it now expects to file by May 14.
It also said it is pausing financial guidance for the year given current uncertainty about international tariffs and government regulations, which it says are impacting Polestar's business and market dynamics.
Polestar is still targeting compound annual retail sales volume growth of 30% to 35% for 2025 to 2027, it said. While Polestar said it is seeing a favorable product-mix shift toward higher-margin models, it is also looking to cut costs.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 30, 2025 08:24 ET (12:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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