Polestar Automotive Holding UK PLC (NASDAQ: PSNY) shares are trading higher Wednesday as bullish momentum is supported by increased trading volume. Here's a look at what you need to know.
Analyst reiterates buy rating on Mobileye (MBLY) with $18 price target. Stock traded lower due to conservative Q4 outlook, but Q3 guidance beat consensus.
CEO Michael Lohscheller noted that the company “delivered another strong quarter of growth” in spite of increasingly challenging market and geopolitical conditions.
BofA analysts discussed the impact of tariffs on automakers, with Ford and GM at high risk of negative ratings. Ford is pushing forward with low-cost EVs and connected vehicle subscriptions, while GM is focusing on Cadillac's EV transformation and Formula One participation. Tariffs may cost OEMs $6k-$8k per car, with potential cost passes to consumers.
The Swedish company reported retail sales amounting to an estimated 12,304 units, driven by a growing uptake of newer models and transition to an active selling model.
New EV contracts, a change in ticker symbol, a delayed earnings report, eroding investor confidence, and stellar deliveries got Stocktwits users buzzing in the week ended Mar. 7, 2025.
From a new BEV reveal, a supply deal, delayed quarterly reports, and unexpected leadership shakeups, these auto stocks saw the biggest jump in retail chatter on Stocktwits in the week ended Feb. 28, 2025.
Polestar Inc. (NASDAQ: PSNY) secures up to $450 million in a 12-month term facility and renews its €480 million Green Trade Finance Facility (TFF). This follows the company's $800 million in funding from December 2024, strengthening its financial position.
