Polestar Q1 Loss Widens to $383 Million Amid Tariffs
Polestar reported a $383 million first-quarter loss as tariffs and pricing pressure offset higher sales. Revenue stayed flat while cash reserves fell to $676 million.
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Polestar reported a first-quarter net loss of $383 million on Thursday afternoon as shares fell 8%. The loss widened from $166 million a year ago despite revenue holding flat at $633 million. Rising tariffs and pricing pressure are eroding margins as the EV maker burns cash to expand its lineup.
