Polestar Automotive Pauses 2025 Financial Guidance Amid Tariffs Uncertainty; Shares Fall

MT Newswires Live

2025/04/30

Polestar Automotive (PSNY) said Wednesday it is pausing its financial guidance for 2025 amid uncertainty surrounding international tariffs and government regulations affecting the company's business and market dynamics.

The automaker said it continues to aim for compound annual retail sales volume growth of 30% to 35% for 2025 to 2027.

The company expects to release select financial results for Q1 in May.

Polestar also said it filed notice with the US Securities and Exchange Commission saying that it needs additional time to complete work for its 2024 annual report. The company said it expects to file the annual report by May 14.

Shares were down more than 4% in recent early trading.

Price: 1.04, Change: -0.05, Percent Change: -4.61

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