Polestar Shares Drop After Q2 Revenue Miss and 2026 Growth Cut
Polestar shares fell 8.3% after Q2 revenue of $727 million missed the Bloomberg Consensus estimate of $864.7 million. The company lowered its 2026 volume growth guidance to low-to-mid single digits. Net loss narrowed to $459 million, though adjusted EBITDA loss was $286 million. Polestar reported $888 million in cash and said it remained compliant with financial covenants while holding dialogue with lenders.