Polestar Automotive Holding UK Plc’s shares fell 8.3% on Tuesday after the electric vehicle manufacturer reported second-quarter revenue that missed analyst expectations.
The company posted revenue of $727 million for the quarter, below the $864.7 million consensus estimate compiled by Bloomberg. The shortfall follows a period of heightened competition and softer demand in the EV sector, which has pressured automakers globally.
Polestar’s net loss narrowed to $459 million from $1.03 billion in the same period last year, reflecting improved operational efficiency despite ongoing challenges. Adjusted EBITDA losses deepened to $286 million, compared with a $206 million loss a year earlier, as investment in growth initiatives continued.
As of June 30, 2026, Polestar held $888 million in cash, providing a buffer amid tighter liquidity conditions. The company confirmed compliance with its Club Loan covenants at the end of the second quarter, while continuing discussions with lenders regarding its $950 million facility and future obligations.
Polestar also revised its 2026 volume guidance downward, now projecting low-to-mid single-digit percentage growth for the year. The company had previously targeted double-digit expansion, signaling a more cautious outlook amid market headwinds. The stock’s decline underscores investor concerns over execution and demand recovery in the EV segment.
