Polestar CEO Confident in Meeting Growing Demand in 2023
Swedish electric performance car brand delivers over 21,000 vehicles in Q4 2022.
avatar
Staff or Guest writer for The Dog of Wall Street.
2023-01-09 15:11

Polestar, the Swedish electric performance car brand, announced strong delivery numbers for the fourth quarter of 2022, with approximately 21,000 vehicles delivered. This brings the preliminary estimate for full year global volumes to 51,500 cars, an impressive 80% increase from the previous year. The company is looking to continue this growth in 2023, with a projected increase of nearly 60% to approximately 80,000 cars. This ambitious target will be driven by strong sales of the Polestar 2 and, later in the year, the first deliveries of the Polestar 3.Polestar CEO Confident in Meeting Growing Demand in 2023
These impressive delivery numbers are a testament to the increasing demand for electric vehicles and the success of Polestar's strategy to meet that demand. The company's CEO, Thomas Ingenlath, expressed pride in the "massive team effort" that went into achieving the strong quarter and meeting the 50,000 global volumes target for the year. He also emphasized the importance of actively managing the supply chain to meet the growing demand for the Polestar 2 and preparing for the launch of the Polestar 4.

As the electric vehicle market continues to grow and evolve, it will be interesting to see if Polestar is able to maintain its impressive delivery numbers and achieve its ambitious target for 2023. The company's success will not only be a win for Polestar, but also a positive step towards the wider goal of reducing carbon emissions and promoting sustainability in the automotive industry.

Click here for the press release.


Disclaimer: I have no positions in any of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. All information should be independently verified and should not be relied upon for purposes of transacting securities or other investments. See terms for more info.

Rate this article

positive
negative
Published On
2023-01-09 15:11

avatar
About the Author
Staff or Guest writer for The Dog of Wall Street.


buy-coffee
You've read 1 article in the last year
..thank you for supporting us and for visiting our site. Unlike many other sites, The Dog of Wall Street is available for everyone to read. Our focus is to provide great content for free. Do you like what we are doing? Buy us a cup coffee. It is the fuel that keeps us going..

AI-mazing returns: The top 3 AI stocks to invest in now!
Don't miss out on the opportunity to invest in these cutting-edge companies and be a part of the future of AI.
By Staff | 2 weeks ago

Goldman Sachs Trims the Fat with 3,200 Job Cuts
Goldman Sachs is cutting approximately 3,200 jobs from its core banking and trading units.
By Staff | 4 weeks ago

Tilray Q2 Earnings Leave Investors Wanting More
While Tilray has maintained its leading market share in the recreational cannabis market in Canada and the medical cannabis market in Europe, its Q2 earnings, which included a loss per share of -$0.11 and an adjusted loss per share of -$0.06, have left investors questioning the company's future growth prospects.
By Staff | 4 weeks ago

Qualcomm's partnership with Iridium takes connectivity to new heights
Qualcomm's partnership with Iridium brings satellite-based messaging technology to phones, laptops and other devices, providing new opportunities for connectivity in any location.
By Staff | 4 weeks ago

Hologic's Fiscal Q1 2023 Earnings: A Ray of Hope in a Stormy Year
Hologic has managed to achieve impressive financial results in Fiscal Q1 2023.
By Staff | 4 weeks ago

Why Small and Mid-Cap Stocks Deserve Your Attention
Why valuations make small and mid-cap stocks an attractive option in a potential recession.
By Staff | 4 weeks ago

Get Ready for a Bumpy Year
Despite strong job creation numbers, deeper issues lurk beneath the surface as the Federal Reserve's rate hikes and high inflation threaten to derail the economy.
By Staff | 4 weeks ago