, which went public via a traditional IPO, has also struggled. Its shares are down 84% from its post-IPO high.
Over the next three years, the company plans to add three vehicles to its current model, the compact Polestar 2 crossover built in China. The additions are a large SUV, the Polestar 3; a midsize crossover, the Polestar 4; and a large sedan, the Polestar 5, which is intended to serve as the brand's flagship vehicle.
Ingenlath said Polestar may need to raise more cash before it turns profitable — a milestone he expects to reach before 2025. If so, he said the company will likely issue bonds rather than selling more stock.
SquawkCNBC Who is the idiot who says $psny future? ..$lcid mass delivering cars?.. just like his chin my jaws dropped. stop hiring this junk guys who r high school graduates taking stuff off reddit fluff.. $psny second only to $tsla in market presence.
SquawkCNBC This mfer really said 'LCID is the only one delivering cars' 🤣🤣🤣 do your homework next time big fella.
SquawkCNBC You honestly need to fire every single one of these biased hosts who frame their questions in a negative way Its honestly disgusting to watch these slime balls speak We only watch the show for the guests These dudes dont even do research before an interview Garbage