BUZZ-Polestar falls after CEO says will take longer to be profitable

Reuters

Jan 16, 2025

** U.S.-listed shares of Swedish EV-maker Polestar PSNY.O fall ~9% to $1.11 premarket

** Polestar CEO said it will take longer for co to be profitable

** PSNY is working on securing an additional 12-month loan facility of over $400 mln, and will be available later this month

** Says ~25% of proceeds from the facilities are expected to be used to repay other loans

** Says remaining proceeds will be available to support its working capital needs going forward

** PSNY is also exploring the possibility of conducting a change of the ratio of its ADS to its ordinary shares, which is currently 1:1

** Polestar expects positive free cash flow after investments in 2027

** PSNY has lost ~37% of its value in 2024

(Reporting by Rishi Kant in Bengaluru)

((Rishi.Kant@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2503966739"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2503966739\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2503966739?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-16 20:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2503966739","market":"us","top_or_hot":-1,"title":"BUZZ-Polestar falls after CEO says will take longer to be profitable","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Polestar falls after CEO says will take longer to be profitable</title></head><body><p>** U.S.-listed shares of Swedish EV-maker Polestar <span>PSNY.O</span> fall ~9% to $1.11 premarket</p><p>** Polestar CEO <span>said</span> it will take longer for co to be profitable</p><p>** PSNY is working on securing an additional 12-month loan facility of over $400 mln, and will be available later this month</p><p>** Says ~25% of proceeds from the facilities are expected to be used to repay other loans</p><p>** Says remaining proceeds will be available to support its working capital needs going forward</p><p>** PSNY is also exploring the possibility of conducting a change of the ratio of its ADS to its ordinary shares, which is currently 1:1</p><p>** Polestar expects positive free cash flow after investments in 2027</p><p>** PSNY has lost ~37% of its value in 2024</p><p> (Reporting by Rishi Kant in Bengaluru)</p><p> ((Rishi.Kant@thomsonreuters.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Polestar falls after CEO says will take longer to be profitable</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Polestar falls after CEO says will take longer to be profitable\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-01-16 20:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Polestar falls after CEO says will take longer to be profitable</title></head><body><p>** U.S.-listed shares of Swedish EV-maker Polestar <span>PSNY.O</span> fall ~9% to $1.11 premarket</p><p>** Polestar CEO <span>said</span> it will take longer for co to be profitable</p><p>** PSNY is working on securing an additional 12-month loan facility of over $400 mln, and will be available later this month</p><p>** Says ~25% of proceeds from the facilities are expected to be used to repay other loans</p><p>** Says remaining proceeds will be available to support its working capital needs going forward</p><p>** PSNY is also exploring the possibility of conducting a change of the ratio of its ADS to its ordinary shares, which is currently 1:1</p><p>** Polestar expects positive free cash flow after investments in 2027</p><p>** PSNY has lost ~37% of its value in 2024</p><p> (Reporting by Rishi Kant in Bengaluru)</p><p> ((Rishi.Kant@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PSNY","symbol_name":"极星汽车","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250116:nL4N3OC144:1","article_id":"2503966739","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503966739","pubTimestamp":1737031656,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Polestar falls after CEO says will take longer to be profitable** U.S.-listed shares of Swedish EV-maker Polestar PSNY.O fall ~9% to $1.11 premarket** Polestar CEO said it will take longer for co to be profitable** PSNY is working on securing an additional 12-month loan facility of over $400 mln, and will be available later this month** Says ~25% of proceeds from the facilities are expected to be used to repay other loans** Says remaining proceeds will be available to support its working capital needs going forward** PSNY is also exploring the possibility of conducting a change of the ratio of its ADS to its ordinary shares, which is currently 1:1** Polestar expects positive free cash flow after investments in 2027** PSNY has lost ~37% of its value in 2024  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PSNY":"极星汽车","BK4099":"汽车制造商"},"translate_title":"首席执行官表示需要更长时间才能盈利后，BUZZ-Polestar股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSNY":0.9},"content_text":"BUZZ-Polestar falls after CEO says will take longer to be profitable** U.S.-listed shares of Swedish EV-maker Polestar PSNY.O fall ~9% to $1.11 premarket** Polestar CEO said it will take longer for co to be profitable** PSNY is working on securing an additional 12-month loan facility of over $400 mln, and will be available later this month** Says ~25% of proceeds from the facilities are expected to be used to repay other loans** Says remaining proceeds will be available to support its working capital needs going forward** PSNY is also exploring the possibility of conducting a change of the ratio of its ADS to its ordinary shares, which is currently 1:1** Polestar expects positive free cash flow after investments in 2027** PSNY has lost ~37% of its value in 2024 (Reporting by Rishi Kant in Bengaluru) ((Rishi.Kant@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}