Polestar's Q1 2026: Net Loss, New Models, Shares Drop

Polestars Q1 2026 earnings report reveals a net loss of $383 million, more than double last years $166 million shortfall. Despite a 7% increase in sales volumes to 13,126 vehicles, tariffs and pricing pressures led to negative gross margins of 3.2% and a deeper adjusted EBITDA loss of $235 million. CEO Michael Lohscheller announced cost-cutting measures and manufacturing improvements, while cash on hand dropped to $676 million. Polestar plans to launch four new models over the next three years. Shares fell 4.3% in premarket trading, reflecting investor concerns amid a challenging EV market. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/63cd0b70d2cc6b98