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Polestar Q3 Sales Rise 13% Year Over Year, Drop 21% From Q2

The EV maker is concentrating on Europe with discounts ahead of select Q3 disclosures on November 12.

The Polestar 4 electric SUV is displayed at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. REUTERS/Brendan McDermid

Overview

  • Year-to-date retail sales reached about 44,482 vehicles, up 36% compared with the same period in 2024.
  • CEO Michael Lohscheller said cumulative 2025 sales have already matched the full-year 2024 total, citing strong order intake.
  • Management is prioritizing Europe, which represents roughly three-quarters of its business, as U.S. demand cools and trade pressures weigh on margins.
  • Polestar reported a wider second-quarter loss after an impairment on the Polestar 3 and has introduced discounts and leasing offers to support demand.
  • The company will release select third-quarter results and hold an analyst call on November 12, and it is maintaining a 30–35% retail volume CAGR target for 2025–27.